Business
The RBA could increase its QE program at any time – The Australian Financial Review
There is nothing stopping Martin Place tweaking the size of the program at any time, just as it did with the Term Funding Facility in September 2020.
This intervention is responsible for lowering Australias 10-year risk-free interest rate by about 0.3 per cent and materially slowing the inexorable ascent of the Aussie dollar according to the RBAs analysis. In doing so, Martin Place is furnishing the domestic economy with much-needed stimulus at a time when it is operating with substantial excess capacity and faces the spectre of the unwinding of the federal governments temporary fiscal stimulus, which will drag on growth.
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