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Prepare for negative rates, banks warned

A sub-zero OCR is looking more likely and lenders need to be ready.

Maria Slade Thu, 14 May 2020

The trading banks have been warned to get their house in order and prepare for negative interest rates, market commentators say.

At yesterday’s monetary policy announcement Reserve Bank Governor Adrian Orr said the central bank was prepared to “do what it takes” to support the ailing

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Prepare for negative rates, banks warned
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