The RBNZ kept the door wide open for NIRP last week as they hinted that discussions with financial institutions about preparing for a negative OCR are ongoing, per Nordea. Key quotes “The RBNZ could be one of the cases to watch in terms of whether NIRP gains momentum world-wide again, since the RBNZ has a relatively small balance sheet as % of GDP, and hence may be tempted to move first as it is less expensive to go negative when you have a small balance sheet.” “RBNZ didn’t sound overly concerned about squeezing out foreign holders of NZGBs as ‘it will weigh on our currency and transmit positively to the economy’. NZD looks very vulnerable after this.” “RBNZ is considering buying foreign assets in the QE program as well (a de facto FX intervention to weaken NZD).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EOS/USD: Vitalik Buterin praises EOS project FX Street 2 years The RBNZ kept the door wide open for NIRP last week as they hinted that discussions with financial institutions about preparing for a negative OCR are ongoing, per Nordea. Key quotes “The RBNZ could be one of the cases to watch in terms of whether NIRP gains momentum world-wide again, since the RBNZ has a relatively small balance sheet as % of GDP, and hence may be tempted to move first as it is less expensive to go negative when you have a small balance sheet.” “RBNZ didn’t sound overly concerned about squeezing out foreign holders of NZGBs as ‘it… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
