Reserve Bank concedes its monetary policy was 'too stimulatory' during pandemic response - Interest.co.nz

Reserve Bank defends use of quantitative easing, saying it did so because it was 'constrained' from taking the Official Cash Rate into the negatives

The Reserve Bank (RBNZ) has conceded that its monetary policy was "too stimulatory" at some stage during the response to the pandemic. But it appears to be laying the blame for its inability at the t… [+6422 chars]

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