Reserve Bank of Australia launches A$100bn in new QE
The Reserve Bank of Australia announced today (February 2) that it would extend its quantitative easing programme, due to expire in April, for another six months, taking many analysts by surprise.
The central bank committed to A$100 billion (US$75.5 billion) in bond purchases from April, at the rate of A$5 billion per week.
The central bank maintained the policy rate at 0.1% and continued its 0.1% target rate for three-year Australian government bonds. The RBA cut the policy rate by 50 basis
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