Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent speaking

Reserve Bank of Australia Assistant Governor (Financial Markets) Christopher Kent:

• The cash rate will trade just below target for some years, but will remain effective
• RBA is not looking for a rapid reduction in its ES balances
• RBA has no plans to sell bonds from portfolio, holdings will remain substantial for some years to come; now in quantitative tightening phase

Full text:

• From QE to QT – The next phase in the Reserve Bank's Bond Purchase Program

Q, where to from here?