Daily Market Comment – RBNZ flags negative rates, Powell expected to do opposite
Posted on May 13, 2020 at 8:42 am GMTKiwi plunges after RBNZ signals negative rates are an option But Fed’s Powell unlikely to embrace negative rates in upcoming speech Warnings of second virus wave hit stocks RBNZ could be next to tiptoe into negative rates The New Zealand dollar fell about 1% on Wednesday after the Reserve Bank of New Zealand doubled its bond buying plan at its policy meeting today and gave its clearest indication yet that negative interest rates could become “an option in future”. As [..]