RBA open to unconventional policy measures – deputy governor Debelle
Quantitative easing may be on the cards if central bank cuts rates to 0.5%
The Reserve Bank of Australia would be open to adopt new unconventional monetary policy measures if rates go down to lower bound, said deputy governor Guy Debelle today (August 27).
The RBA’s number two official appeared to rule out negative rates as an option in Australia, and indicated the best guide going forward would be Canada, the UK and the US. Central banks in those economies lowered rates close to zero, but kept them in positive territory, in contrast to institutions including the
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