Dawn chorus: 'A range of views'
Reserve Bank Governor says international research isn't clear that lowering interest rates widens inequality and repeats that money printing and rates lowering avoided higher unemployment
TLDR: Reserve Bank Governor Adrian Orr said in a speech last night the bank’s review of the international literature had not found clear evidence that the lowering of interest rates and Quantitative Easing by central banks had worsened inquality of wealth or income.
He went on to again defend the bank’s lowering of interest rates and the resulting house…
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