Australian central bank acknowledges pandemic stimulus exit was disorderly.
M2 EQUITYBITES-June 21, 2022--Australian central bank acknowledges pandemic stimulus exit was disorderly
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Global Banking News - 21 June 2022
The Australian central bank has conceded that its exit from the pandemic stimulus programme was disorderly, according to Reuters.
In a statement, the apex bank said that even though its pandemic stimulus programme, aimed at keeping short-term bond yields low, was successful, its exit was disorderly and caused reputational damage. The bank made the comment following a review. It also said that it is unlikely to use any yield target again and would prefer to just purchase bonds.
The programme...
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