Goldman Sachs says RBNZ negative rates are not a done deal (but here is why it might)

GS says an increase in Reserve Bank of New Zealand QE is more likely than negative rates.

However, while GS do not expect negative rates from the RBNZ in a near term time frame these could be attractive to the Bank from the perspective of managing the currency (ie negative rates as a bearish input for the NZ dollar).

GS says an increase in Reserve Bank of New Zealand QE is more likely than negative rates.

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