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BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works

Banking
BNZ CEO Angela Mentis suggests the Reserve Bank probably won't need to drop the Official Cash Rate below zero if its proposed funding for lending programme works
6th Nov 20, 9:37am by Gareth Vaughan

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2 Comments

by  Bugger  |  6th Nov 20, 4:55pm 1604634920

...and also if you bring back the LVRs Mr Orr, I'll give you a big wet one on the cheek.

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by  Pusheen  |  7th Nov 20, 12:35am 1604662517

Mr. Orr must steadfast, another Mantis comment.. about positive recovery.
https://www.stuff.co.nz/business/123309832/when-will-we-be-back-to-norm…
Those initial reluctance, being spotted so they (ANZ & BNZ) already did, mention the positive outlook, back to GDP number pre-Covid, FLPs might work etc. - It is known when neg OCR at play, the profit start reversing.

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