Business
Breaking: RBA cuts key rate to a record low of 0.10%, expands QE by AUD100 billion – FXStreet
At its November monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) board members slashed the official cash rate (OCR) to a record
At its November monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) board members slashed the official cash rate (OCR) to a record low of 0.10% from 0.25% previous, as widely expected.
The RBA set its three-year bond yield target at 0.10%.
The central bank also announced an expansion to its asset purchases program, quantitative easing (QE), by AUD100 billion.
“The package includes the purchase of $100 billion of government bonds of maturities of around 5 to 10 years over the…
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