Very real chance monetary policy will run out of ammo - ANZ

Mon, 17 Jun 2019

By Rebecca Howard June 17 (BusinessDesk) - ANZ Bank says there is a “very real” chance that New Zealand's monetary policy will run out of conventional ammunition and suggested the central bank look at a series of unconventional measures, including quantitative easing. With the official cash rate already at a record-low 1.5 percent “odds are rising that some kind of significant economic hit will occur before the OCR is back to anything approaching historical norms,” FX/rates strategist Sandeep Parekh and economist Michael Callaghan said in...

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