The Reserve Bank’s new QE explained – The Australian Financial Review

But the Reserve Bank seems to have changed its mind and may have to intervene at the longer end.
Everyone else is doing it. With the RBA not buying long-term bonds, Australia’s rates have become the highest in the developed world. From a bond investor’s perspective, such attractive yields may be contributing to a higher currency.
To offset that upward force, the Reserve Bank may join the QE club.
Whereas with yield curve control the Reserve Bank targets a specific yield, that is more complica…

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