Business
RBA assures bond owners of target rate – The Australian Financial Review
Reserve Bank minutes reveal a much stronger commitment to low interest rates, despite financial market expectations.
Later in the year, members would need to consider whether to maintain the April 2024 bond as the target bond or shift the focus of the yield target to the November 2024 bond, the minutes say.
The board agreed that it would not consider removing the target completely or changing the target yield of 10 basis points.
This gives the owners of current three-year bonds some comfort in knowing the April 2024 bond would not suddenly be sold off regardless of whether the central bank starts buying November…
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