Business
The next steps the RBA will take to help the economy – The Australian Financial Review
Central banks, including the RBA, are facing mounting pressure to unveil fresh monetary measures to assist the long and protracted economic recovery from the coronavirus pandemic.
Indeed, at its September board meeting, the Reserve Bank agreed to expand its balance sheet by an additional $57 billion by boosting the supply of low-cost loans to the banks under its term funding facility.
This facility provides banks with around $200 billion in funding at a fixed rate of 25 basis points for three years.
But many economists believe that this expansion in the Reserve Bank’s balance sheet is a prelude to further easing.
They believe that in coming months Australia’s central b…
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