18 Sep 2019 |
From Zero to Hero - Exploring the RBNZ's options if the OCR reaches zero
There has been a lot written since the last RBNZ MPS on Negative Interest Rates and Quantitative Easing options that the RBNZ may adopt if they thought necessary to stimulate the economy and increase inflation closer to their target range of 2.00%.
For those interested, attached is an Economic Insight from our Economics and Strategy team, which explores the RBNZ's options for unconventional monetary policy, including negative interest rates, quantitative easing and unsterilised exchange rate intervention.
Gavin M Read
Risk Management Solutions
Westpac Institutional Bank