- The Reserve Bank of New Zealand (RBNZ) kept the Official Cash Rate (OCR) at 1.0% at its OCR Review this week, surprising the market with a rather sanguine tone, given the deteriorating global backdrop.
- The RBNZ noted that both fiscal and monetary policy have scope to provide additional stimulus.
- As the OCR plumbs new lows, questions are being raised over the efficacy of additional rate cuts... read more
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NZ Monetary Policy: Diminishing Returns
NZ Monetary Policy: Diminishing Returns