The Conversation

'Yield curve control': the Reserve Bank's plan for when cash rate cuts no longer work

17-03-2020 Author: Isaac Gross, Lecturer, Monash University

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The coronavirus has pushed economies and interest rates into downward spirals.

New Zealand’s Reserve Bank pushed its cash rate from 1.00% to 0.25% on Monday, and the US Federal Reserve cut its benchmark rate to zero on Sunday, making Australia’s cut of 0.25 points from 0.75% to 0.50% earlier this month seem tame by...

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