Money Market: SR vs LR (i) What is the official cash rate? (ii) How can the RBNZ manipulate the short-term money market interest rate using the OCR tool? (iii) Why do they have difficulty in manipulating the long-term fixed rate?

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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Money Market: SR vs LR
(i) What is the official cash rate?
(ii) How can the RBNZ manipulate the
short-term money market interest rate
using the OCR tool?
(iii) Why do they have difficulty in
manipulating the long-term fixed rate?
Transcribed Image Text:Money Market: SR vs LR (i) What is the official cash rate? (ii) How can the RBNZ manipulate the short-term money market interest rate using the OCR tool? (iii) Why do they have difficulty in manipulating the long-term fixed rate?
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