They are being challenged on communication – what they can and can’t influence and how they are doing this. We understand that lower interest rates do not remove the global political uncertainty. But they do offer greater certainty on the financial and investment front. Businesses and governments should be re-assessing their hurdle rates on their investment projects.
Low and stable global interest rates mean that what was once costly may now be a sound investment for the future. The Reserve Bank is among the global central banking crowd – we are not alone. But we need other actors to assist and understand. Kia kaha. 2/2  BIS central bankers' speeches