Business
RBA’s ‘flexible’ QE may be coming – The Australian Financial Review
When the RBA unveils its highly anticipated monetary policy decision next month, governor Philip Lowe may be wise to give himself flexibility.
Extending the 0.1 per cent target to late 2024 would imply that the bank does not expect to increase the overnight cash rate until 2025 some four years from now. That may be stretching the limits of credibility.
The RBAs best guess is that interest rates will not rise until 2024 at the earliest.
It is important to note that Lowe and deputy governor Guy Debelle have emphasised the eventual rise in the cash rate is not date-dependent, but rather dependent on the state of the economy.
The bank has…
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