Flash Review: RBNZ On Hold, But Ready to Deploy Negative Rates If Necessary

By Brunello Rosa and Karmen Meneses

24 February 2021

In this paper we discuss:

• The RBNZ’s latest assessment of economic conditions in New Zealand;
• What the Reserve Bank of New Zealand decided at its February policy meeting and could do in coming months;
• How the RBNZ altered its growth, inflation and OCR forecasts in February; and
• The market implications of all the above.

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