Economics
Australia’s Central Bank Expects Record Low Rates Until 2024
- RBA opts against rolling over peg for three-year yield target
- Winds back QE to A$4 billion a week, from current A$5 billion
Photographer: Brendon Thorne/Bloomberg
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Australia’s central bank took the first steps toward dialing back its emergency stimulus for an economy that’s exceeded expectations, even as Governor Philip Lowe warned persistently weak inflation would likely see him trail international counterparts in raising interest rates.