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Australian regulator APRA says banks must have a plan to deal with negative interest rates by April 2022

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APRA is the Australian Prudential Regulation Authority, they want banks to be prepared for the possibility of zero or negative interest rates by 30 April 2022

  • APRA believes such rates could pose “operational challenges” in some instances

Note that the RBA have repeatedly said a negative cash rate is highly unlikely.  But APRA want banks to be prepared … “it is possible that other interest rates determined in the financial markets could fall to zero or below zero at any time.”

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