Reserve Bank of New Zealand Assistant Governor/GM Economics, Financial Markets and Banking Christian Hawkesby

The remark is in relation the August rate cut from the Reserve Bank of New Zealand of 50 basis points while everyone was expecting a 25bp cut instead.

  • reduces the chance of QE
  • monetary policy is still effective
  • cut gives inflation a chance to lift earlier
Reserve Bank of New Zealand Assistant Governor/GM Economics, Financial Markets and Banking Christian Hawkesby