RBNZ Maintains OCR Guidance But Expands Asset Purchases

By Sophia Rodrigues

The Reserve Bank of New Zealand left the official cash rate unchanged at 0.25% and said it is prepared to reduce it further but not before early 2021.

“The Committee reaffirmed its forward guidance tha...

RBNZ Removes LVR Restrictions to Support Mortgage Deferral Scheme...

By Sophia Rodrigues

The Reserve Bank of New Zealand has removed the loan-to-value ratio (LVR) restrictions for mortgages to ensure they would not be an impediment in the implementation of the mortgage deferral scheme, for both borrowers...

Analysis: RBNZ plans removal of LVR restrictions to support housi...

By Sophia Rodrigues

The Reserve Bank of New Zealand is planning to remove loan-to-value ratio (LVR) restrictions for mortgages to support smooth credit flow in the economy and to prevent sharp fall in housing prices caused by the coronav...

Analysis: RBNZ’s Path Shows Interest Rate Swaps Preferred Unconve...

By Sophia Rodrigues

The Reserve Bank of New Zealand could use a different form of forward guidance before it pushes the official cash rate below zero but once it reaches that point interest rate swaps is likely to be its preferred unconv...

Did RBNZ Hint at Targeted Term Lending as Unconventional Monpol O...

By Sophia Rodrigues

The Reserve Bank of New Zealand may have dropped a hint on Monday that targeted term lending could be one of its preferred unconventional monetary policy measures to deal with the impact of coronavirus on the economy....

Analysis: RBNZ’s Unconventional MonPol Options. Interest Rate Swa...

By Sophia Rodrigues

It’s been nearly two years since the Reserve Bank of New Zealand published a paper discussing a range of unconventional monetary policy options that it could use if the official cash rate fell to zero but so far...