The Reserve Bank of Australia has adjusted its yield curve control policy as the economy rebounds faster than expected.
The RBA chose to retain the April 2024 target for the yield curve, effectively shortening the maturity at which the central bank targets a yield of 0.1%.
In a statement, governor Philip Lowe said this reflected policy-makers’ evolving judgement on the likely path for interest rates. When the three-year yield curve target was announced, the RBA thought the probability of a
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