Has NZ reached the lower limits of monetary policy?

For all the talk about the Reserve Bank having to resort to "unconventional" monetary policy once its official cash rate gets so low as to be ineffective, there are signs we may have already reached that point. Government-owned Kiwibank has just increased its one-year term deposit rate by 5 basis... 

Read the full story at BusinessDesk 

https://businessdesk.co.nz/article/has-nz-reached-the-lower-limits-of-monetary-policy

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