Speaking at the post-monetary policy meeting press conference on Thursday, the Reserve Bank of Australia (RBA) Governor Lowe said that they are doing all that we can to lower funding costs in Australia and support the supply of credit to the business. Additional quotes Living in extraordinary times. Term funding scheme and three-year yield target are both significant policy developments that would not have been under consideration in normal times. Both carry financial and other risks for the reserve bank. Both represent significant interventions by the bank in Australia’s financial markets. Board expects the cash rate will remain at its current level for some years, but not forever. Bond purchases will be in the secondary market and we will not be purchasing bonds directly from the government. Our intention is to purchase bonds of different maturities. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next AUD/USD remains on the back foot below 0.5600 after RBA’s Lowe FX Street 2 years Speaking at the post-monetary policy meeting press conference on Thursday, the Reserve Bank of Australia (RBA) Governor Lowe said that they are doing all that we can to lower funding costs in Australia and support the supply of credit to the business. Additional quotes Living in extraordinary times. Term funding scheme and three-year yield target are both significant policy developments that would not have been under consideration in normal times. Both carry financial and other risks for the reserve bank. Both represent significant interventions by the bank in Australia’s financial markets. Board expects the cash rate will remain at its… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
