RBA preparing changes to open market operations
Assistant governor says reforms needed as liquidity and monetary policy evolves
The Reserve Bank of Australia is making changes to the way it handles open market operations, as it moves away from pandemic-era liquidity provision and monetary policy.
Assistant governor Christopher Kent said in a speech on February 22 that the RBA would make several changes to ensure its market operations remain “fit for purpose”. Market operations offer an “important source of liquidity” to some market participants, and allow the RBA to respond quickly to stress, Kent said.
The RBA is
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