Massive borrowing to fund NZ's economic recovery due to COVID-19 cannot be written off without the risk of worsening the crisis it was designed to meet.
The bank has so far shied away from negative rates but it is running out of other firepower.
Creating lots of new money is supposed to produce runaway inflation. The longer that it doesn't happen, the more this branch of economics appears to have a point.
There is no magic money tree in economics – whatever money is spent must be paid back later.
It's time for the Bank of Canada to do more to help provincial governments deal with the financial fallout of the coronavirus pandemic.
Like Congress with its $2 trillion bailout, the Fed is engaged in an unprecedented effort to save the US economy and financial system from collapse.
Reserve Bank Governor Philip Lowe has laid out a road map for measures to drive a range of other interest rates down, now that its cash rate has hit effective zero.
Markets normally rally when central banks throw trillions of dollars at a problem. But not this time.
The Fed slashed interest rates to near zero but, just as in 2008, it will require unprecedented action to calm panicky markets.
Will the all-time lowest rate in the world of -0.75% be enough for these alpine explorers?
How many people realise that the central banks' great programme for reviving the global economy involves hand-picking which companies and sectors to help out?
In a speech broadcast live on the Reserve Bank website, the governor explained how quantitative easing would work. He won't try it until the cash rate hits 0.25%.
MARTIN stands for “Macroeconomic Relationships for Targeting Inflation". The bank's new computer model says there's much it can do to boost the economy after its cash rate hits zero.
The Reserve Bank of Australia says it's prepared to ease monetary policy further if needed to stimulate the economy. But is the policy working when interests rates are so low?
The Reserve Bank's best case scenario is that its forecasts are wrong.
A bold government would have delivered stages one, two and three of the tax cuts at once. Boldness is what we need.
There's nothing unusual about quantitative easing. Our biggest mistake would be to be to wait.
We've two options of keeping ourselves out of recession, neither of them easy. The government will have to abandon its determination to get the budget into surplus.
No longer do the world economic figures contradict the former US Treasury Secretary's theory.
President Trump has been attacking the Fed's current policy of slowly raising interest rates. A former central bank official explains why that's so troubling.