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RBA adopts ‘whatever it takes’ approach to Quantitative Easing

Dr Brendan Rynne & Michael Malakellis discuss the RBA’s announcement on Thursday to cut the official cash rate to 0.25 percent.

The Reserve Bank of Australia (RBA) was obliged to cut rates to 0.25 percent. It is right that monetary policy should be working in a co-ordinated manner with the government’s fiscal stimulus packages. The RBA has given strong forward guidance that the cash rate will not be going up any time soon. From previous RBA guidance it is clear that we have now reached the Effective Lower Bound for cash rates in Australia and any further cuts will be ineffective.But the real news is that we are now fi...

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Authors: Brendan Rynne, Michael Malakellis

Published Date: 20 March 2020

 

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