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

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Q, where to from here?

qe qt 23 May 2022