Business
RBA holds interest rates, QE as recovery ‘better than expected’ – The Australian Financial Review
Governor Philip Lowe says the economic recovery is good news, but it is still expected to be uneven and drawn out and it remains dependent on significant policy…
“The recovery is also dependent on ongoing support from both fiscal and monetary policy.”
The bank repeated that it was willing to adjust its QE program if required.
“The board will keep the size of the bond purchase program under review, particularly in light of the evolving outlook for jobs and inflation.”
Over the past month, the bank has bought $19 billion of government bonds under the bond purchase program and a further $5 billion of Australian government securities in support of its three-year…
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