Negative interest rates looking less likely

Negative interest rates looking less likely
Rebecca Howard
The dial is turning against the negative interest rates idea with several economists no longer seeing it as a done deal.The Reserve Bank has kept the prospect of a negative official cash rate alive through much of this year as it seeks to pump more stimulus into the economy, having exhausted all conventional monetary policy tools to stave off a severe recession, if not outright depression, brought on by the covid-19 pandemic.After initially holding back on what tools it could employ, governor Adrian Orr started priming monetary policy watchers...

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