What to expect from RBNZ's FLP

Wed, 11 Nov 2020

A key question about the Reserve Bank's funding-for-lending programme is whether it will include lending for housing, further inflaming the already strong post-lockdown rebound in that market.Economists expect the central bank will unveil details of the FLP this afternoon when it releases its latest monetary policy statement with ASB Bank expecting it will be worth about $30 billion and ANZ Bank predicting between $30 billion and $50 billion.That’s the amount the RBNZ would lend to banks at very favourable interest rates – possi...

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