RBNZ dismissing possibility of negative OCR?
By Sophia Rodrigues
Published On 27 Nov 2019 , 07:17 AMThe RBNZ appears to be dismissing the possibility of a negative official cash rate. In the Financial Stability Report published Wednesday, the RBNZ said a negative OCR is not currently a central scenario in its published forecasts. "Given that unconventional monetary policy tools have not been used in New Zealand, we are less certain of the impacts of negative interest rates for New Zealand banks," the RBNZ said. The RBNZ is considering the potential impacts of unconventional monetary policy tools on bank profitability in its current preparatory work on unconventional monetary policy.
LATEST SNIPPETS
Big four banks' forecast for RBA 3-year yield target, QE3
Earlier Wednesday, ANZ published its view on third round of RBA's bond purchase program. In a note Wednesday, ANZ...
Published on : 19 May 2021 , 01:44 PMAOFM issues A$14B of Nov 2032 govt bond via syndication
The AOFM has issued A$14 billion of the 1.75% 21 November 2032 bond issue at a price of +12.5bps, and indicative yiel...
Published on : 13 Apr 2021 , 10:22 AMAustralia 2032 Bond Syndication Prices at 12.5bps Over 10yr Futures
Pricing for The Australian government's 1.75% 21 November 2032 bond issue has been set at +12.5bps, and the order...
Published on : 13 Apr 2021 , 09:37 AMWestpac ups forecast for third round of RBA QE
Westpac has revised its forecast for RBA's Bond Purchase Program, now expecting the second A$100 billion bond-buy...
Published on : 26 Mar 2021 , 11:19 AMAOFM’s auction of June 2031 Australian govt bonds performs well
AOFM’s auction of A$1 billion of 1.5% June 2031 bond today generates relatively strong demand with weighted ave...
Published on : 05 Mar 2021 , 11:12 AMAOFM’s auction of June 2031 Australian govt bond eyed
The results of the AOFM’s auction of A$1 billion of 1.5% June 2031 bond today will be an interesting one, given...
Published on : 05 Mar 2021 , 10:26 AMGreater interest in ASX’s Bond Basket for September 3-Yr Bond Futures
More than usual interest this time in the bond basket for ASX’s September futures contract for three years. The...
Published on : 04 Mar 2021 , 11:11 AMRBA succeeds in driving 3-year yield down at bond-buying auction today
The RBA's aggressive buying of bonds for second consecutive day under the 0.1% three-year yield target polic...
Published on : 26 Feb 2021 , 02:52 PMAOFM doubles T-Notes issuance next week, as expected
As expected, the AOFM doubled the amount of T-Notes at tenders next week to A$2 billion from A$1 billion in the last...
Published on : 26 Feb 2021 , 12:10 PMRBA buying A$3B under yield target policy (as CB-Intel flagged)
The RBA has announced it will buy A$3 billion of the April 2023 and April 2024 government bonds under the yield targe...
Published on : 26 Feb 2021 , 11:38 AM