RBA boosts bond-buying to defend yield curve target
Governor says the central bank can increase purchases further if needed
The Reserve Bank of Australia has boosted its purchases of government debt to defend its yield curve control target.
The central bank left its policy settings unchanged at its monetary policy meeting on March 2, but governor Philip Lowe said the RBA “brought forward” purchases to keep three-year yields at 0.1%. The short-term policy rate is also at 0.1%.
“The bank is prepared to make further adjustments to its purchases in response to market conditions,” Lowe said in a statement.
The RBA has
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com