Reserve Bank to wrap up $350 billion stimulus program this month as economy beats forecasts

 The Reserve Bank will end its $350 billion bond--buying program on February 10, amid much better- than-expected economic data and rising inflation.

The RBA has been buying $4 billion a week of Australian federal and state government bonds in an effort to keep interest rates very low.

It was leaning towards winding down that program by May, but much stronger-than-expected employment and inflation data last month have prompted it to move earlier.

However, RBA governor Philip Lowe was keen to emphasise that the end of bond-buying did not signal an imminent increase in the official cash rate target, which remains at a record low 0.1 per cent.

Read More: https://www.abc.net.au/news/2022-02-01/reserve-bank-bond-buying-program-interest-rates/100795814



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