New Zealand's Kiwibank no longer expects the RBNZ to take rates negative

Analysts at the bank see the Reserve Bank of New Zealand on hold until well into 2022

The current NZ cash rate is 0.25%

Says that the RBNZ's dual mandates are far from being met, but:

  • rampant advances in the housing market
  • Q4 CPI much stronger than we, and the market, had expected

Info via Bloomberg

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