RBA’s Lowe: Doing all that we can to lower funding costs in Australia and support the supply of credit to business

Speaking at the post-monetary policy meeting press conference on Thursday, the Reserve Bank of Australia (RBA) Governor Lowe said that they are doing all that we can to lower funding costs in Australia and support the supply of credit to business.

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living in extraordinary times.

term funding scheme and three-year yield target are both significant policy developments that would not have been under consideration in normal times.

both carry financial and other risks for the reserve bank.