N Herald 5:30 AM Sunday Oct 7, 2012
Source
Bold highlighting is mine.
Heresy is, unfortunately, becoming common in central banking. The world's most important central banks are printing money like there's no tomorrow.
Interest rates have been near 0 per cent for almost four years and look like staying that way for another four years.
Interest rates have been near 0 per cent for almost four years and look like staying that way for another four years.
New Zealand is a wee way from the zero bound but not that far. This week the Reserve Bank of Australia cut its OCR, Business NZ called for new RBNZ governor Graeme Wheeler to cut ours from its record-low 2.5 per cent, and markets priced in a 0.25 per cent cut over the next 12 months.
Bold highlighting is mine.
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