2015 March Investment Brief

Determining the neutral cash rate is a challenge. This is because it is not directly observable and it is difficult to estimate precisely what the current level should be.

This Insight takes a look at why for a small open economy such as New Zealand the neutral rate may be better interpreted as a spread to the global cash rate, rather than some absolute level or number.

Read the latest Investment Insight from AMP Capital’s investment strategy team.

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