Bloomberg
Published Sep 10, 2019 10:52PM ET
Updated Sep 10, 2019 11:44PM ET
Here's What the RBA Is Thinking on Unconventional Policy Options
(Bloomberg) -- The Reserve Bank of Australia has outlined its thinking on the prospect of adopting unconventional monetary policies, now that its cash rate is at a record-low 1% and more cuts are forecast. The remarks were published on the central bank’s website Wednesday, and are in response to a lawmaker’s questions following last month’s semi-annual testimony in Canberra.
Most of the comments are a reiteration of earlier statements and speeches. Here are the key takeaways:
On The Options Available:
“While at this point it is unlikely that the Reserve Bank will need to employ unconventional monetary measures, the Reserve Bank Board considered it prudent to understand the issues involved and has studied the experience of other countries.”
Measures that have been employed elsewhere fall into six broad categories, as follows:
Written By: Bloomberg
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