RBA says no negative rates for Australia

About the author:

Michael Knox
Author name:
By Michael Knox
Job title:
Chief Economist and Director of Strategy
Date posted:
12 November 2020, 10:35 AM

The RBA has now cut the cash rate to an all-time low. The cash rate can’t go any lower than zero because the RBA is against negative interest rates. They want to keep the three-year bond yields low. Rates will stay low for an extended period of three years or so.

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