New Zealand's central bank could ease rates again, the assistant governor s...
WELLINGTON - New Zealand’s central bank could ease rates again, the assistant governor said on Thursday, a day after the bank stunned markets with a steep 50 basis-point cut to the official cash rate and flagged the risk of negative rates to fight slowing growth.
Hawkesby also reiterated that the central bank was willing to use negative interest rates if needed to stimulate growth and meet its policy objectives. Policymakers everywhere have been forced to consider more stimulus as fears grow over the broadening fallout of the U.S.-China trade dispute on the global economy.
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