Reserve Bank still considering negative OCR, takes steps to provide monetary stimulus
The bank confirmed a funding for lending programme will start in December.
Brent Edwards
Wed, 11 Nov 2020
The Reserve Bank has confirmed it will start a funding for lending programme in December to help lower banks’ funding costs and bring retail interest rates down further.
Its Monetary Policy Committee also decided to continue with the Large Scale Asset Purchase programme of up to $100 billion
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Brent Edwards
Wed, 11 Nov 2020
Contact the Writer: brent@nbr.co.nz
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Reserve Bank still considering negative OCR, takes steps to provide monetary stimulus
Politics,
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