RBA’s Lowe rules out QE in Australia
Governor stresses inflation forecasts converge to target in 2021, and rates could be cut if needed
The governor of the Reserve Bank of Australia, Philip Lowe, ruled out the implementation of a quantitative easing programme in the country in a speech today (November 26).
Lowe stressed the RBA expects inflation to rise towards the 2–3% annual inflation target over the next two years. Additionally, he said the policy rate remains above the level at which the central bank would consider buying government securities. “So QE is not on our agenda at this point in time,” said Lowe.
The governor
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