Reserve Bank of Australia to start quantitative easing

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By Frank Jackman
19 Mar 2020

The Reserve Bank of Australia (RBA) is to start quantitative easing for the first time, it said on Thursday, while earlier this week the Reserve Bank of New Zealand (RBNZ) slashed rates and the New Zealand Treasury set out plans to increase its bond market borrowing.

The central bank moves came as the two countries look to protect their economies against the effects of the Covid-19 pandemic.

Despite these steps, foreign issuers will “wait for a more stable backdrop and that potentially requires a more local player to dip its toes in the water,” ...

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