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The Reserve Bank of Australia increased its government bond purchases to defend its yield curve control target of 0.1% for three-year yields. Governor Philip Lowe said the bank could make further adjustments to purchases if market conditions required.
Central bank bond buying to cap yields weighs on the Australian dollar and shapes financing costs, with only an indirect effect on feed commodity prices.
centralbanking.comCentral Banking NewsdeskMar 3, 2021Not 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.
