New Zealand Delivers Big Rate Cut, Commits To 12 Months Near Zero, Says QE May Be Next

New Zealand Delivers Big Rate Cut, Commits To 12 Months Near Zero, Says QE May Be Next

RBNZ pulled out the bazooka on Monday - or, what counts as a "bazooka" if you're RBNZ, I guess. New Zealand slashed benchmark rates by 75bps to start the week, joining the RBA, the BOC, the BOE, Norges Bank and the Fed in easing policy to shield the economy from the economic fallout associated with the COVID-19 pandemic. In addition to cutting rates to 0.25% from 1%, the forward guidance is strong - rates will remain at these levels for at least 12 months. "The negative economic implication
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2 thoughts on “New Zealand Delivers Big Rate Cut, Commits To 12 Months Near Zero, Says QE May Be Next

  1. How long before we start talking about debt forgiveness in a major way? Thanks to the Covid-19 black swan, John Mauldin’s Great Reset is likely to happen two, three years sooner than he has been predicting.

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