Reserve Bank deputy governor Geoff Bascand suggests at least some bank depositors might want to put their money to use elsewhere. Speaking to interest.co.nz after the Reserve Bank issued its latest Financial Stability Report on Wednesday Bascand, who is alsogeneral manager of financial stability, told interest.co.nz it's possible deposit rates could dropto zero. This is against the backdrop of the COVID-19 crisis and the Official Cash Rate (OCR) at just 0.25%. "We don't really anticipate negative deposit rates," Bascand said. He said negative ...
Perhaps they want savers to risk their money in the share market ?
Some of us learned our lessons from the 87’ crash, I have never ever bought or sold a share for that reason. This kind of bankster influence is just crazy