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'Yield curve control': the Reserve Bank's plan for when cash rate cuts no longer work

  • Written by Isaac Gross, Lecturer, Monash University
'Yield curve control': the Reserve Bank's plan for when cash rate cuts no longer workShutterstock

The coronavirus has pushed economies and interest rates into downward spirals.

New Zealand’s Reserve Bank pushed its cash rate from 1.00% to 0.25% on Monday, and the US Federal Reserve cut its benchmark rate to zero on Sunday, making Australia’s cut of 0.25 points from 0.75% to 0.50% earlier this month seem tame by...

Read more: 'Yield curve control': the Reserve Bank's plan for when cash rate cuts no longer work

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