Institutional Economics

Institutional Economics

RBA review of its yield target

Yield curve control lived dangerously and died young, but that’s what monetary policy victory looks like

Stephen Kirchner
Jun 21, 2022
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The RBA has released its review of its yield curve target (YCT) on the 3-year bond that was in operation between March 2020 and November 2021. The main conclusion of the review effectively endorses t…

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