Business
RBA’s Philip Lowe brutally bashes bond bandits – The Australian Financial Review
The market has failed to understand that the central bank’s quantitative easing program is here to stay.
While the RBA promptly launched an important range of QE-style programs in March 2020 (including liquidity injections and the $180 billion, three-year term funding facility), it took another nine months for it to embrace more outright bond buying, which it initiated in November.
Since the inception of this type of QE four months ago, the market, economists and some commentators have held the view the RBA wants to do as little possible, will taper QE as soon as it can, and is not overly motivated…
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