A suggestion the Reserve Bank wanted to cut the Official Cash Rate to negative territory
A suggestion the Reserve Bank wanted to cut the Official Cash Rate to negative territory
14 May 2020
The central bank held the OCR at 0.25 per cent yesterday - but doubled its bond-buying programme to 60 billion dollars.
Fisher Funds' senior portfolio manager David McLeish says the only thing hindering the negative cut was a small number of financial institutions not being prepared.
He says the pressure on these institutions to get their issues sorted has been ramped up in recent months.
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