Reserve Bank of New Zealand Chief Economist Ha has argued that there is reasonably strong evidence internationally that negative rates help in stimulating credit demand.
Key notes
- Negative rate decision contingent on the health of the economy; if and when the time comes we have those tool available.
- The earliest we could implement negative rate operationally is early next year.
- Not hostage to exchange rate but welcome "helpful support" from that channel.
- Ha says asset purchase programme has been successful so far in lowering retail interest rates.
NZD crosses updates
-
AUD/NZD Price Analysis: 1.1030 holds the key to refresh multi-month top
-
NZD/USD consolidating a turbulent flight as the US dollar falls back in line
Reprinted from FXStreet，the copyright all reserved by the original author.
Disclaimer: The views expressed are solely those of the author and do not represent the official position of Followme. Followme does not take responsibility for the accuracy, completeness, or reliability of the information provided and is not liable for any actions taken based on the content, unless explicitly stated in writing.
Like this article? Show your appreciation by sending a tip to the author.
Leave Your Message Now