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Kent: Long and Variable Monetary Policy Lags
It’s great to be back at the KangaNews Summit. Last year I discussed the Reserve Bank’s move to quantitative tightening (QT). Today I’ll provide a brief update on the unwinding of our unconventional policies before turning to more conventional monetary policy issues, which will be the focus of my presentation. We are currently pursuing passive QT, whereby we allow our holdings of government bonds to roll off as they mature. The next maturity of substance is $13 billion of the April 2023 Australian Government bond. Some central banks have slowed QT by reinvesting some of their maturing bonds; others have done ... (full story)
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RBA'S KENT: BOARD WILL RESPOND AS NECESSARY TO BRING INFLATION BACK TO TARGET IN A REASONABLE TIME #News #Markets #RBA #INFLATION #capitalhungry
— Capital Hungry (@Capital_Hungry) March 19, 2023
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RBA's Kent: Likely To Take Longer Than Usual To See The Full Effect Of Higher Interest Rates On Households
— LiveSquawk (@LiveSquawk) March 19, 2023