- RBA says QE unlikely but may consider it if warranted.
- The central bank is expected to cut rates twice by February.
The Reserve Bank of Australia (RBA) on Wednesday said that the implementation of unconventional monetary policy tools like bond purchases is unlikely, however, the central bank would consider it, if necessary.
The central bank delivered back-to-back rate cuts in June and July and is expected to cut rates further this year.
While Westpac is forecasting two rate cuts by February, the analysts at National Bank of Australia expect the rates to drop to 0.25% by mid-2020 unless the government delivers meaningful fiscal stimulus.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.