All eyes on the RBNZ

Wed, 11 Nov 2020

The kiwi dollar is holding above 68 cents as markets pare back expectations the central bank will need to resort to negative interest rates.The RBNZ is due to publish its rate decision and monetary policy statement at 2pm local time, followed by a press conference at 3pm.It is expected to keep rates on hold at 0.25 percent for now but the statement and any comments at the press conference will be closely scrutinised to see if it still thinks negative rates might be necessary.Lesser degreeMarket expectations are still factoring in negative rates...

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