RBNZ to keep negative rates on table for now

Tue, 10 Nov 2020

A raft of better-than-expected economic data and a hot housing market won’t be enough for the Reserve Bank to shut the door on negative interest rates early next year. Why? Caution will be front of mind in tomorrow's monetary policy review. First, the central bank will want to see how effective the newly minted funding for lending programme is.The programme – expected tomorrow – will provide retail banks with cheap, secured, long-term funding, potentially upwards of $50 billion. The aim is to reduce banks&rs...

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