- Analytics
- News and Tools
- Market News
- RBA: Rates and QE expected to remain unchanged near term – UOB
RBA: Rates and QE expected to remain unchanged near term – UOB
FXStreet reports that Lee Sue Ann, Economist at UOB Group, reviewed the latest decision by the RBA at its monthly monetary policy meeting.
“As expected, the Reserve Bank of Australia (RBA) left the official cash rate (OCR) on hold… at a record-low of 0.25%.”
“To recap, the RBA had decided to take interest rates to a record-low, buy government bonds (QE) in a bid to reduce national funding costs and extend a AUD90bn credit line to banks to lend to small businesses.”
“Since QE begun on 20 March, the RBA has bought around AUD36bn buying state government bonds on the secondary market in a move that has pushed down interest rates on that debt.”
“The RBA reiterated its commitment to ‘doing what it can to support jobs, incomes and businesses as Australia deals with the coronavirus’. For now, we hold the view of the OCR staying put at 0.25%, and QE will remain for at least some time. This will continue to provide support for the government’s fiscal policy, which involves about AUD$80bn of measures including cash payments to small businesses and loan guarantees.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
