Reserve Bank’s unconventional ways to stimulate economy
The Reserve Bank has come up with a list of unconventional ways of stimulating the economy.
If the economy remains weak and the official cash rate drops close to zero, the bank may be forced to consider options of ‘quantitative easing’.
Among the list of six includes the options of negative gearing, currency intervention and buying government bonds.
AMP Capital chief economist Shane Oliver breaks down the six options with John Stanley.
Click PLAY to hear the full interview