Business
Debelle defines the Reserve Bank’s monetary policy toolkit – The Australian Financial Review
Guy Debelle gave further details on the central bank’s thinking around increasing longer-term bond purchases, further reductions in interest rates and steps aimed at weakening the currency.
“This is particularly so with interest rates at their historically low levels, where the growth benefit from the fiscal stimulus will improve the debt dynamics and help service the debt in the future.”
The deputy governor said under its central scenario, it would be more than three years before the economy neared a full employment level that would push inflation toward its target band, and as such the Reserve Bank would target a three-year bond rate of 0.25 per cent.
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Bond mar…
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