The Reserve Bank of Australia has outlined additional monetary policy tools for use when interest rates are low and economic shocks occur, which it says will make it better prepared to respond to crises.
Assistant governor Christopher Kent, who oversees the RBA’s financial markets work, on June 29 unveiled four measures that could be taken in addition to making adjustments to its benchmark policy rate. He said the framework for additional policy tools would help the RBA prepare “for any future
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