RBA cuts rate and ramps up yield curve control

The RBA at night. Photo: RBA

The Reserve Bank of Australia took several steps to ease monetary policy today (November 3), cutting its main rate, reducing its target for three-year yields, and – a first for Australia – launching quantitative easing.

The central bank’s policy rate is now 0.1%, down from 0.25%. It has cut its yield curve control target to the same level, and has also cut the rate on its term funding facility to 0.1%. Term funding offers banks cheap liquidity if they lend money onwards to the economy.


Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: