Reserve Bank hasn't ruled out negative interest rates
UPDATED: The official cash rate is now 1.0%, the lowest in New Zealand history.
Nevil Gibson
Wed, 07 Aug 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Reserve Bank governor Adrian Orr hasn't ruled out the possibility of negative interest rates after the bank cut the official cash rate from 1.5% to 1%.
In a news conference, Orr said the bank was working with experts, including internationally, to determine whether negative interest rates,
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Nevil Gibson
Wed, 07 Aug 2019
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
