The Reserve Bank of New Zealand (RBNZ) Assistant Governor and Head of Economics John McDermott was on the wires last minutes, via Reuters, making some comments on the monetary policy in an interview.
Key Headlines:
Currently no prospect of unconventional monetary policies.
RBNZ would consider buying foreign government bonds in a crisis.
It’s prudent to plan for another crisis.
RBNZ prepared to use QE in a crisis.
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