Proactive steps are being taken to manage New Zealand's monetary policy
Proactive steps are being taken to manage New Zealand's monetary policy
10 March 2020
The Reserve Bank has outlined the potential use of unconventional policy tools such as a negative Official Cash Rate and interest rate swaps.
Chief economist Yuong Ha says these particular tools could be brought in if OCR was being seen as ineffective.
He says there is no immediate intention for these alternative tools to be used.
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