RBNZ Governor Brainard Says Neutral Rate Range at 2.5%-3.5% With Uncertainty

Reserve Bank of New Zealand Governor Brainard recently stated that the neutral interest rate level remains uncertain, with an estimated range of 2.5% to 3.5%. The neutral rate is the interest rate level that is neither expansionary nor restrictive to economic activity, and it serves as a key benchmark for monetary policy decisions.
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