The Reserve Bank may yet go negative

John Hawkins

The Reserve Bank may yet go negative

John Hawkins

Research output: Contribution to Newspaper/Magazine/Bulletin › Article

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Abstract

Few people expected the Reserve Bank to adjust its cash rate at its first meeting of the year today, and for good reason.
It has been saying loudly that it is “not expecting to increase the cash rate for at least three years”. Today it said the commitment extends to 2024.
But it isn’t a commitment not to cut the cash rate.
A further cut in the cash rate to take it below its present all-time low of 0.10% would turn the cash rate negative.

Original language	English
Pages	1-4
Number of pages	4
Volume	2021
No.	February
Specialist publication	The Conversation
Publisher	The Conversation Paperpress
Publication status	Published - 2 Feb 2021

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ArticleFinal published version, 1.23 MBLicence: CC BY-ND

https://theconversation.com/the-reserve-bank-might-yet-go-negative-149267Licence: CC BY-ND

Cite this

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