Is New Zealand heading for negative interest rates?
On Wednesday 7 August, the Reserve Bank is likely to cut the OCR to a new record low of 1.25%. Kiwibank economists are already predicting that the OCR could be slashed even further to 0.75% next year. Are we on a path to negative interest rates?
Oliver Hartwich discusses concerns about the pace of the Reserve Bank's actions and looks to international examples to see what this might mean for New Zealand.