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29 Mar 2024 19:24
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  •   Home > News > Business

    The Reserve Bank may introduce cheap funding for banks, earlier than expected

    The Reserve Bank may introduce cheap funding for banks, earlier than expected


    It's held the Official Cash Rate at point two five per cent, as expected.

    However, it's considering a Funding for Lending Programme -- which would help offset the impact of negative interest rates on banks, should it become necessary next year.

    Head of fixed income at Fisher Funds, David McLeish says it seems the Reserve Bank is interested in exploring the opportunity to launch the lending programme -- even before moving to a negative OCR by March next year.

    © 2024 Newstalk ZB, NZCity

     Other Business News
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     29 Mar: Another pay offer is on the table for Police - after union members labelled the last one insulting
     28 Mar: Local councils are being challenged to back up rising debt with infrastructure revenue
     28 Mar: Employees are being reminded to know their rights and responsibilities this Easter
     28 Mar: The price gap between new builds and existing properties is starting to narrow
     27 Mar: A Bill passed in Parliament today will bring changes to the bright line test
     Top Stories

    RUGBY RUGBY
    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch More...


    BUSINESS BUSINESS
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria More...



     Today's News

    Entertainment:
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    Rugby League:
    NRL Good Friday: Bulldogs take on desperate Rabbitohs, Broncos renew rivalry with Cowboys 19:07

    Rugby:
    The Chiefs are backing young first-five Josh Jacomb to step up in tonight's Super Rugby clash against the Crusaders in Christchurch 18:57

    Entertainment:
    Queen Camilla hosted authors and actors at a star-studded event in London to celebrate reading 18:53

    Law and Order:
    A man's due in court tomorrow facing a murder charge, after a body was found in a burnt-out car in Longlands, Hastings 18:47

    Business:
    New Zealand Food Safety is supporting Matakana Smokehouse in its recall of a specific batch of two of its salmon products because of the possible presence of Listeria 18:37

    Entertainment:
    Simon Cowell has adopted another puppy just months after he brought home a new German Shepherd called Pebbles 18:23

    Entertainment:
    Tracee Ellis Ross has paid a glowing birthday tribute to Diana Ross 17:53

    Cricket:
    Cricket's best female all-rounder has led England to a 4-1 T20 series win over New Zealand 17:27

    Entertainment:
    YouTube star Ninja has been diagnosed with cancer at the age of 32 17:23


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