RBNZ dismissing possibility of negative OCR?
By Sophia Rodrigues
Published On 27 Nov 2019 , 07:17 AMThe RBNZ appears to be dismissing the possibility of a negative official cash rate. In the Financial Stability Report published Wednesday, the RBNZ said a negative OCR is not currently a central scenario in its published forecasts. "Given that unconventional monetary policy tools have not been used in New Zealand, we are less certain of the impacts of negative interest rates for New Zealand banks," the RBNZ said. The RBNZ is considering the potential impacts of unconventional monetary policy tools on bank profitability in its current preparatory work on unconventional monetary policy.
LATEST SNIPPETS
Australia Note yield drop to new low ahead of RBA cuts
As expected, the yield on near-term T-Note fell to a new record low at today's AOFM's auction. The weighted a...
Published on : 22 Oct 2020 , 10:40 AMCould Australia Note Yield Drop to New Low at Auction?
Looking forward to the AOFM's weekly T-Note auctions later this morning. The record low weighted average yield fo...
Published on : 22 Oct 2020 , 10:09 AMRBA Kent's speech title
The title of RBA assistant governor Chris Kent's speech on Tuesday is a very interesting one, "The Sta...
Published on : 19 Oct 2020 , 08:19 PMAustralia Note yields drop to new low
Yields at AOFM's Treasury Note auctions dropped to new record low on ample liquidity and expectations of cut...
Published on : 01 Oct 2020 , 10:43 AMJust one investor buys entire A$2B of 2030 govt bond at tender
One bidder got the entire A$2.0 billion of the 1% December 2030 government bond at the tender today. The yield was 0....
Published on : 30 Sep 2020 , 11:20 AMRBA once again fails to get 3-year yield close to target
The RBA again made purchases totalling A$2 billion of the April 2023 and the April 2024 government bond but didn'...
Published on : 31 Aug 2020 , 04:17 PMRBA bond-buying outcome suggests more buying likely next week
The RBA made nearly equal purchases of the April 2023 government bond and the April 2024 but didn't manage to suf...
Published on : 27 Aug 2020 , 04:07 PMRBA to buy A$2B of 2023, 2024 govt bonds
After a gap of two weeks, the RBA is back in the market to buy the 2023 and the 2024 government bonds. The RBA a...
Published on : 27 Aug 2020 , 12:29 PMRecord orderbook for Australia new 2031; Record issuance likely
Orderbook for the 1% 21 November 2031 Australia government bond has closed with a record A$65.5 billion, surpassing t...
Published on : 26 Aug 2020 , 09:58 AMWill new Nov 2031 Australia govt bond syndication create a record?
Will the new 1% 21 November 2031 government bond set a new record for orderbook and issuance size? A good chance it w...
Published on : 26 Aug 2020 , 08:53 AM