RBNZ has 'significant and healthy scepticism' on negative rates: Orr

Thu, 03 Dec 2020

The Reserve Bank's biggest challenge in the development of new monetary policy tools has been communication, according to governor Adrian Orr, but he seems more sceptical about introducing negative interest rates."Our communication challenge remains ongoing, despite the successful implementation of these new monetary policy tools," Orr said in delivering the annual Sir Leslie Melville Lecture at the Australian National University."We share this challenge with other central banks."He was referring to policies such as the...

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