Reserve Bank of New Zealand’s Orr on Policy, Coronavirus, Negative Rates

The transcript discusses the challenges faced by central banks, particularly in New Zealand, in setting economic policies amidst the COVID-19 pandemic. It covers the use of monetary policy and quantitative easing, the impact of global markets, and the potential for negative interest rates. The discussion also touches on inflation versus deflation concerns and investment strategies in uncertain times.

What is the central bank's approach to managing uncertainty in economic forecasts?

What factors are considered when determining the bond purchasing strategy?

In what ways has the global economic situation affected New Zealand's exports?

What are the implications of the Reserve Bank of New Zealand's inflation targeting policy?