MARKET OPEN: All eyes on the RBNZ

Wed, 13 May 2020

Domestic markets will be waiting to see just how many government bonds the Reserve Bank plans to buy and whether interest rates could fall into negative territory to help New Zealand weather the economic fallout from covid-19. The bank's monetary policy committee is due to publish its cash rate decision and statement at 2pm. While economists widely expect it to keep the official cash rate at 0.25 percent, the statement and guidance will be closely scrutinised for any hints about where the cash rate might go in the future. Westpac Bank,...

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