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The Reserve Bank of Australia is unwinding its A$280 billion government bond purchase program, which had lowered long-term borrowing costs by about 0.3 percentage points and contributed to a lower exchange rate. Assistant governor Christopher Kent made the comments on Monday.
Removing the bond-buying support removes a force that had weighed on the Aussie, a mild bullish factor for the currency and a small headwind for Australian export commodity competitiveness.
afr.comJohn KehoeMay 23, 2022Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
