Business
Yields dive as RBA readies for QE – The Australian Financial Review
The market has reacted sharply to the strongest hint yet from the bank that it is finally facing the reality of the need for outright quantitative easing.
And Commonwealth Bank forecasts a cut to the cash rate from 0.25 per cent to 0.1 per cent in November, applying also to the three-year bond rate target and the rate paid on the Term Funding Facility.
Dr Lowe’s comments follow months of push back against calls to intervene in the longer end of the bond market.
Mr Gor said the Reserve Bank is finally “succumbing” to QE, over a decade after most central banks. “The journey of disdain for QE, to recognising it as a potential tool to actually execu…
-
Noosa News20 hours agoLaidley e-scooter death: Tragic new details after Summah Richards killed in freak accident
-
General21 hours agoMinjee Lee rallies after third-round meltdown to share fifth place at LA Championship
-
General14 hours agoUkraine says Russia has ramped up attacks despite ‘Easter truce’
-
General13 hours agoPope Francis appears Easter Sunday to deliver blessing as recovery continues