RBNZ doesn't need unconventional tools, wants to be prepared

Tue, 10 Mar 2020

New Zealand’s central bank said it doesn’t need to use alternative monetary policy instruments to the official cash rate, but it needs to be prepared.“An inability to predict what might happen next is no excuse for not preparing for what could happen. That’s true for businesses, governments and central banks,” governor Adrian Orr said in a speech today. “The Reserve Bank typically implements monetary policy by controlling the official cash rate but as interest rates fall, this tool could be pushed to its limit in the future,” he said.New Z...

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