NZ among the few nations yet to hit limits of monetary policy, Wheeler says

Thu, 11 Aug 2016

By Paul McBeth Aug. 11 (BusinessDesk) - The Reserve Bank of New Zealand still has room to move on monetary policy unlike many central banks that have already pulled their policy levers to the limits of their effective range, governor Graeme Wheeler says. At Parliament's finance and expenditure select committee, Wheeler said quantitative easing by central banks across the globe has reached US$150 billion a month and there are now US$12 trillion of government securities trading on negative yields because central banks had been forced to ra...

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