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The Times

Negative interest rates could be coming. What would this mean for borrowers and savers?

  • Written by Harry Scheule, Professor, Finance, UTS Business School, University of Technology Sydney
Negative interest rates could be coming. What would this mean for borrowers and savers?www.shutterstock.com'

There’s a row brewing in the corridors of financial power. The Reserve Bank of New Zealand (RBNZ) recently advised the trading banks that the official cash rate might move from the barely positive into the negative.

Right now the RBNZ is holding off such a move in favour of other monetary stimulus measures. But the big...

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