RBA joins QE club

19 March 2020

 

Central banks began unconventional policies in 2001 when the Bank of Japan began buying government bonds. After the GFC, the US Federal Reserve, the European Central Bank and the Bank of England joined in after slashing their official rates down to zero or below. Now the RBA will join the club, buying government bonds in order to hold medium-term bond yields down. As part of its overall response to the...

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