Global inflation and interest rates are at an all time low in many developed nations; in some countries interest rates are even negative! In this Face to Face we talk with Bernard Hickey about the factors behind this, and why it is making the job of the Reserve Bank very difficult. They need to drop interest rates to stimulate investment and spending, but it isn’t working. In fact, all it seems to be doing is driving up asset markets – particularly housing.

About the Author

Gareth Morgan

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Gareth Morgan is a New Zealand economist and commentator on public policy who in previous lives has been in business as an economic consultant, funds manager, and professional company director. He is also a motorcycle adventurer and philanthropist. Gareth and his wife Joanne have a charitable foundation, the Morgan Foundation, which has three main stands of philanthropic endeavour – public interest research, conservation and social investment.