November 2020

November 2020

November 3, 2020

The Reserve Bank of Australia (RBA) Board rolled out a new package of support measures. These involve cutting the targets for the cash rate and 3-year Commonwealth bond yields as well as the Term Funding Facility rate by 15 basis points to 0.10%, a reduction in the interest rate on Exchange Settlement balances to zero; and purchases of A$100B of government bonds of around 5-10 years maturity over the next six months.

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