Why are interest rates so low?
As expected, the RBNZ cut interest rates this morning to a record low of 2.0%. Bevan Graham (NZ Chief Economist) and Warren Potter (Senior Portfolio Manager) discuss the reasons behind this decision and what the RBNZ are hoping to achieve in terms of inflation and the exchange rate.
They also discuss whether the RBNZ is likely to make further cuts, and how financial stability and the housing market will be considered. Warren Potter also comments on the implications for the fixed income market and the New Zealand dollar.
Watch the video to find out the latest.