Doubt that lowering the Official Cash Rate to below zero would help home-owners
Doubt that lowering the Official Cash Rate to below zero would help home-owners
29 April 2020
The suggestion's come from Westpac senior economist Dominick Stephens, who sees it as a natural step as part of a stimulus package for the economy.
But independent economist Cameron Bagrie disagrees.
He says it would put a massive distortion into the market.
Bagrie says lower interest rates would put people off depositing money in the bank, and that's money the bank needs.
© 2024 Newstalk ZB, NZCity