RBA Says Economy, Markets Key to July Call on Bond Programs By Bloomberg
(Bloomberg) -- The Reserve Bank of Australia said it would pay “close attention” to economic data and conditions in financial markets when deciding whether to roll over its yield-target maturity and undertake further quantitative easing. The RBA is due to make a call at its July 6 meeting on whether to move the three-year yield target to the November 2024 bond from the current April 2024 security. The outcome could provide an insight into when the first interest-rate rise will occur. The central bank will also announce any plans for more longer-dated bond buying, with the...
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