Photo: RNZ / Alexander Robertson
The Reserve Bank slashed the official cash rate to a record low of one percent. It's hoped that the move will make the Government, consumers and businesses spend more and also raised the possibility of further rate cuts by the central bank.
That would mean it'd have to consider unconventional monetary measures, like quantitative easing, along with negative interest rates. The RNZB's assistant governor Christian Hawkesby discusses the historically low interest rates and their impacts with Kathryn Ryan.
