Since March the RBA has been actively “controlling” the yield curve effectively pegging the interest rate on bonds up to 3 years maturity, first at 0.25 per cent and since November at the lower rate of 0.1 per cent.
Does Yield Curve Control = Forward Guidance?
Since March the RBA has been actively “controlling” the yield curve effectively pegging the interest rate on bonds up to 3 years maturity, first at 0.25 per cent and since November at the lower rate of 0.1 per cent.