Free Trial

The Committee noted that a negative Official...>

RBNZ
RBNZ: The Committee noted that a negative Official Cash Rate (OCR) will become
an option in future, although at present financial institutions are not yet
operationally ready. The current goal of monetary policy tools is to reduce
borrowing rates for New Zealanders, and further OCR reductions at this stage
would not be effective in achieving that. Consequently, the Committee reaffirmed
its forward guidance that the OCR will remain at 0.25 percent until early 2021.
It was noted that discussions with financial institutions about preparing for a
negative OCR are ongoing.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.