Negative interest rates looking less likely

Mon, 02 Nov 2020

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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