Business
Why financial markets are licking their lips in the hope of more QE – The Australian Financial Review
Market pundits expect the Reserve Bank to make two tweaks in policy – extending its bond-buying program and phasing out its program of cheap loans to the banks.
Especially since all the worlds major central banks are also buying bonds at an explosive pace, with the aim of sending their long-term bond yields and their exchange rates lower.
Last November, the Reserve Bank launched its first round of QE, by announcing a $100 billion bond-buying program stretching over six months.
The Reserve Banks decision to finally join the QE bandwagon had an immediate effect on the exchange rate, which dipped to US70.3¢ in late October in anticipation of the move.
The…
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