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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Analysis
4 mins to read

Unconventional monetary policy: was it worth the effort?

Economy Matters: The Reserve Bank needs a credible exit strategy.

The Covid-19 pandemic and the resulting lockdowns generated a massive economic contraction that forced the Reserve Bank to drop interest rates to zero percent and even consider taking them into negative territory. However, it was feared that the near-zero policy interest rate would not be enough to

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John McDermott Tue, 17 Aug 2021
Contact the Writer: john.mcdermott@motu.org.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
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Unconventional monetary policy: was it worth the effort?
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