RBNZ: Actively working on the negative interest rate

The Reserve Bank of New Zealand's Hawkesby said that the recent monetary policy actions are working to lower interest rates.

The Reserve Bank of New Zealand is actively working on the negative interest rate and funding for lending programme.

More comments

• Inflation seen well below target in next 3 years.
• We’d rather be aggressive with stimulus .
• Rather do too much too soon that too little too late.
• Low interest rates are effective.
• More information on funding for lending with November MPS.