RBA Announced Emergency Rate Cut, Initiated QE

<p>RBA announced an emergency rate cut of -25 bps, sending the cash rate to 0.25%, today. The central bank also announced a QE-style yield curve control plan. It attempts to target the yield for 3-year government bond at 0.25% through bond purchases. The move is not too surprising, following a media statement released earlier this [&#8230;]</p>
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