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The long future of RBA QE

January 25, 2021 - 09:30 -- Admin

Via Chris Joye: The challenge for monetary policy is that conventional tools are tapped out. The RBA’s main policy lever, the overnight cash rate, has hit its effective lower bound at 0.1 per cent. Two of its unconventional levers – the circa $200 billion Term Funding Facility (TFF) and the yield curve control policy that

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