Business
Yields dive as RBA readies for QE – The Australian Financial Review
The market has reacted sharply to the strongest hint yet from the bank that it is finally facing the reality of the need for outright quantitative easing.
And Commonwealth Bank forecasts a cut to the cash rate from 0.25 per cent to 0.1 per cent in November, applying also to the three-year bond rate target and the rate paid on the Term Funding Facility.
Dr Lowe’s comments follow months of push back against calls to intervene in the longer end of the bond market.
Mr Gor said the Reserve Bank is finally “succumbing” to QE, over a decade after most central banks. “The journey of disdain for QE, to recognising it as a potential tool to actually execu…
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