TMM - News

Community transmission could force negative OCR: Kiwibank

Monday 13th of July 2020

In their latest weekly report, the economists say a "shock" outbreak, and subsequent return to lockdown, could cause "the RBNZ to embark on a path below zero". 

According to the team, the worst-case scenario would mean a 75 basis point cut to -0.50% for the central bank rate. 

New Zealand continues to win the battle against Covid-19, however, and ec...

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