Chance of Negative OCR Reduces as RBNZ More Confident About Economic Outlook

<p>RBNZ announced that a Funding for Lending Program (FLP) will be implemented in “early December” with an initial size of about NZD 28B. Further details will be announced in coming weeks. The program aims at providing loans to commercial banks at low cost (e.g.: 0.25%). The central bank left other monetary policy measures unchanged: OCR [&#8230;]</p>
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