RBNZ investigating use of negative rates, official says

Interest-rate

New Zealand’s central bank is actively considering negative interest rates to combat the economic effects of the Covid-19 pandemic, a senior official said.

Speaking on August 20, assistant governor Christian Hawkesby said the Reserve Bank of New Zealand has been “preparing the groundwork” to use additional tools if necessary. These include negative interest rates and a funding for lending programme.  

“Staff were instructed to actively prepare advice on their design and deployment [of these

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: