some interest rates swaps went under 1% in aus yesterday .. wow a look into the future rates in nz ?
last week i was have heartlerly joking about nz 1% rates and just saw on bloomberg an interview with jp morgan person saying they see RBNZ rates at 1% by xmas. think they implied the growth in nz is slowing quick thats why
ANZ Bank says there is a “very real” chance that New Zealand's monetary policy will run out of conventional ammunition and suggested the central bank look at a series of unconventional measures, including quantitative easing
ANZ Bank says there is a “very real” chance that New Zealand's monetary policy will run out of conventional ammunition and suggested the central bank look at a series of unconventional measures, including quantitative easing
I'm seeing some political forces occurring here. What with Grant Robertson slamming off about the RBNZ censure and criticism of Key's blaming a junior staffer. ANZ putting their oar in is I suspect politically motivated.
Personally I don't think we'll get to negative interest rates here. Or printing kiwi $ for economic reasons. (We should have done that when NZD/USD was a lot higher but of course RBNZ doesn't really want to play the game of speculating)
I'm seeing some political forces occurring here. What with Grant Robertson slamming off about the RBNZ censure and criticism of Key's blaming a junior staffer. ANZ putting their oar in is I suspect politically motivated.
Personally I don't think we'll get to negative interest rates here. Or printing kiwi $ for economic reasons. (We should have done that when NZD/USD was a lot higher but of course RBNZ doesn't really want to play the game of speculating)
i read ( cant remember where ) that ANZ only had about 700m capital on hand for a big event. no wonder the RBNZ is doing capital reviews everyone would go bust when they didnt get there deposits back.
anyway RBA minutes just out and they say more rate cuts coming
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