Monetary policy will not rescue NZ next time
Stormy weather ahead.
An all-time low official cash rate of 1.5% as of May 8 means borrowing a New Zealand dollar from the Reserve Bank is a step closer to the zero lower bound – with at least one more rate cut expected in the near future.
Despite excitement among mortgage owners and business, this is not good
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Monetary policy will not rescue NZ next time
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