Australia's central bank is shaking up the way it provides liquidity to the banking system as it ceases quantitative easing and prepares for the day when it will eventually raise interest rates. Speaking at an online event, Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent emphasised changes to its open market operations (OMO) were not a signal on the future course of monetary policy. "Rather, they will ensure that OMO remains fit for purpose as liquidity conditions, the economic outlook and the Bank's monetary policies evolve," Kent said. RBA Governor Philip Lowe recently said it was plausible ... (full story)