Apr 22nd, 2009 - Bloomberg
April 22 (Bloomberg) -- Australian and New Zealand centralbanks can cut interest rates further, making them better placedthan counterparts to cushion their economies from the globalrecession, the International Monetary Fund said.
“Conservative monetary and fiscal policy management inthese economies now leave policymakers better placed than thosein other economies to mitigate further declines in demand,” theIMF said in it world economic outlook released in Washingtontoday. “Policy rates have been cut rapidly and can be cut stillfurther.”
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