RBNZ still prepared to go negative

Wed, 11 Nov 2020

The Reserve Bank of New Zealand is holding the official cash rate at 0.25 percent.It said today its funding for lending programme would begin in December, and it kept negative interest rates on the table.“Progress has been made on the bank’s operational ability to deploy an FLP and a negative official cash rate. The committee agreed that these instruments can be mutually supportive in bolstering economic activity if necessary,” it said. Members of the Monetary Policy Committee said the banking system is on track to be ope...

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