Business
Size and form of Reserve Bank QE splits market – The Australian Financial Review
The RBA is expected to lower a trio of policy rates at its November meeting, economists agree. What it delivers in terms of quantitative easing is less clear.
Of the 20 economists surveyed by The Australian Financial Review, 18 are predicting that the central bank will once again lower the cash rate, to a record low 0.1 per cent from 0.25 per cent.
The three-year bond yield target and the rate charged to banks to tap the term-funding facility will also fall from 0.25 per cent to 0.1 per cent, the economists expect. The exchange settlement balance, already at 0.1 per cent, will probably fall too, to as low as 0.01 per cent depending on the forecaster.
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