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Nov 09 - 06:55 PM

NZD: Odds Of RBNZ Introducing Negative OCR Have Diminished - ANZ

By eFXdata  —  Nov 09 - 03:00 PM

ANZ Research discusses its expectations for this week's RBNZ policy meeting.

"The focus of this week’s Monetary Policy Statement will be the upcoming Funding for Lending programme (FLP), including design details and deployment date.

In our view, the odds of a negative OCR have diminished, and implementation of the FLP could see a negative OCR implemented later or more gradually," ANZ notes. 

Source:
ANZ Research/Market Commentary

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