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RBNZ publishes an analytical note on the.......>

RBNZ
RBNZ: RBNZ publishes an analytical note on the effectiveness of monetary policy
post-GFC.
- "How effective is monetary policy in the aftermath of the Global Financial
Crisis (GFC), in a world of persistently low interest rates? Our results show
that conventional monetary policy is still as effective as before the crisis."
- "Our results suggest that movements in the OCR are still as effective as ever
in New Zealand. This means that it is business as usual for the Bank - further
cuts in the OCR should boost the economy and inflation, and OCR increases should
constrain demand and inflation."
- The full note is available at
https://www.rbnz.govt.nz/research-and-publications/analytical-notes/2019/an2019-
10

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