Westpac forecast the RBNZ will take the NZ cash rate negative (next year)
Reserve Bank of New Zealand OCR will go negative in April of 2021 is the updated projection from WPAC.
WPAC had forecast a move to minus in November of this year
In the closer future .... at the meeting next month, June 2020, Westpac say the RBNZ will increase the size of its QE program to 70bn NZD
- June meeting is on the 24th