Business
RBA holds nerve on rates, bond buying – The Australian Financial Review
The RBA has held the cash rate at 0.1 per cent but brought forward some bond buying to restore functionality to the market.
Some in the market were watching to see if the bank would increase the size of its overall QE program or whether they would buy longer dated bonds.
However the bank said it decided to hold its targets including 10 basis points for the cash rate and the yield on the three-year Australian government bond, as well as the parameters of the Term Funding Facility and the government bond purchase program.
Following the RBAs statement on Tuesday, the ten year bond moved up slightly to 1.686 per cent from…
-
Noosa News24 hours agoGippsland livestock agent Nathan Gibbon jailed for defrauding exporting companies
-
General20 hours agoAt least nine dead after fire at Massachusetts assisted living facility
-
General17 hours agoUS, NATO strike Ukraine arms deal as Donald Trump gives Vladimir Putin 50-day deadline
-
General16 hours agoArnaud Harixcalde Logan charged with ‘malicious mischief’ after allegedly damaging case of Stone of Scone in Scotland