InvestNow News – 15th May – AMP Capital – Comments on RBNZ announcement

13th May – Carrick Lucas – Portfolio Manager

As expected the RBNZ announced an acceleration to its quantitative easing programme today, almost doubling support to $60 billion. While the OCR remains on hold the possibility of negative rates is on the horizon. In this short update we provide some thoughts on the key takeout’s from today’s announcement, and the implications for AMP Capital’s fixed income portfolios.