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

  • Says there is some room to cut the cash rate further
  • Says cannot speculate on details of further easing, one option is to buy longer dated bonds
  • bond purchases would be regular, aimed at bringing down yields
  • there is still room to compress short-term rates
  • not impossible for BBSW to move below zero


For those wondering the BBSW is the Bank Bill Swap rate. I thgouth I had better clarify that.

The ASX have a brief explainer on it if you need more.