{"id":113125,"date":"2021-02-17T02:04:35","date_gmt":"2021-02-17T02:04:35","guid":{"rendered":"https:\/\/precoinnews.com\/?p=113125"},"modified":"2021-02-17T02:04:35","modified_gmt":"2021-02-17T02:04:35","slug":"australia-dollar-5-lower-than-otherwise-in-trade-weighted-terms-says-rbas-kent","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/markets\/australia-dollar-5-lower-than-otherwise-in-trade-weighted-terms-says-rbas-kent\/","title":{"rendered":"Australia dollar 5% lower than otherwise in trade-weighted terms, says RBA's Kent"},"content":{"rendered":"
SYDNEY, Feb 17 (Reuters) – Australia\u2019s massive monetary policy stimulus contributed to the local dollar being as much as 5% lower than otherwise on a trade-weighted basis, a senior central bank official said on Wednesday.<\/p>\n
Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said the policy measures continue to place downward pressure on the Aussie dollar.<\/p>\n
The RBA\u2019s policy measures include slashing interest rates to a record low 0.1%, an unlimited government bond buying programme targetting three-year yields and a A$200 billion ($154.8 billion) quantitative easing programme targetting longer-term yields.<\/p>\n