News | Business
29 Oct 2020 11:20
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The Reserve Bank may introduce cheap funding for banks, earlier than expected

    The Reserve Bank may introduce cheap funding for banks, earlier than expected


    It's held the Official Cash Rate at point two five per cent, as expected.

    However, it's considering a Funding for Lending Programme -- which would help offset the impact of negative interest rates on banks, should it become necessary next year.

    Head of fixed income at Fisher Funds, David McLeish says it seems the Reserve Bank is interested in exploring the opportunity to launch the lending programme -- even before moving to a negative OCR by March next year.

    © 2020 Newstalk ZB, NZCity


     Other Business News
     29 Oct: Pressure's mounting on the Government to step in amidst rising tension over Kapiti Airport
     29 Oct: Work starts immediately to get Wellington's central library back open
     29 Oct: A win for the little guy in a Disputes Tribunal case against Air New Zealand
     28 Oct: The Government's being urged not to go ahead with its minimum wage rise next year
     28 Oct: A penalty for overcharging customers at one of Auckland's biggest supermarkets, Pak'nSave Mangere
     28 Oct: A sheep milking business has opened an office in China - on the back of Asian demand for alternative milk
     28 Oct: A big decision for Wellington City Council today
     Top Stories

    RUGBY RUGBY
    From Canterbury province to Canterbury league for Sir Steve Hansen More...


    BUSINESS BUSINESS
    Pressure's mounting on the Government to step in amidst rising tension over Kapiti Airport More...



     Today's News

    Law and Order:
    A former employee of a well-known Wellington school has denied accusations of fraud 11:07

    International:
    Is Donald Trump going to win the US election? Here's how our key indicators have moved, and what they're saying in the final stretch 10:57

    Entertainment:
    Riz Ahmed thinks attending a private school changed his life 10:55

    Law and Order:
    Police overstepped their authority in entering two houses unlawfully 10:47

    Law and Order:
    A man is being questioned by Christchurch police after reports of a prowler in Upper Riccarton 10:37

    Entertainment:
    Sofia Richie's family "approve" of her dating Matthew Morton 10:25

    Entertainment:
    Jennifer Aniston has cautioned Americans against voting for Kanye West 9:55

    Law and Order:
    A former Canterbury DHB employee has been sentenced to three years in prison 9:47

    International:
    Germany, France impose national lockdowns due to surge in COVID-19 infections 9:27

    Business:
    Pressure's mounting on the Government to step in amidst rising tension over Kapiti Airport 9:27


     News Search






    Power Search


    © 2020 New Zealand City Ltd