Business
Why the RBA chose $100b for QE – The Australian Financial Review
The bond-buying program is designed not to disappoint financial markets and keep up the appearance that the RBA is not funding the ballooning budget deficits of…
The nominated $100 billion figure over six months in Commonwealth and state government bond purchases was chosen by the RBA not just because it’s a nice round number.
It is intended to push down long-term government bond yields and, more to the point, the Australian dollar, which both fell after Tuesday’s announcement.
The RBA’s review of QE by other central banks suggests bond purchases equal to 5 per cent of GDP $100 billion have a “noticeable and meaningful” effect on long-term government bond…
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