TMM - News

Negative OCR would be a mistake: Kiwibank

Tuesday 25th of August 2020

In their latest report, the Kiwibank team, led by Jarrod Kerr, warn a negative central bank rate is not necessary. 

"Current economic conditions don’t justify it, the supply of credit is not an issue, and people are likely to save harder with ~0% deposit rates," the economists say. "Going negative also depletes the RBNZ’s armoury."

The team s...

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