Skip to content
Subscriber Only

Australia Central Bank to Stick With Defense of Yield Target

  • RBA doubles typical size of longer-dated debt purchases Monday
  • House prices record largest monthly gain in 17 years in Feb.
General Economy in Sydney as Australia Pushes Debt to Peacetime Record
Photographer: Brent Lewin/Bloomberg
Updated on

For a fresh perspective on the stories that matter for Australian business and politics, sign up for our weekly newsletter.

Australia’s central bank signaled it will not shirk from its yield target and quantitative easing programs designed to hold down borrowing costs and keep a lid on the currency. Yet, the bond market is proving resistant.