gold, page-67560

Lowe says it's 'an option' at 0.25% - so yeah, it'd definitely be looked at. He didn't expect to need to do QE, but that was before the bushfires amd coronavirus.

I reckon QE is on its way. Central bankers are not going to back down now, they are doubling down on stupid.

https://www.bloomberg.com/news/arti...e-is-option-at-0-25-doesn-t-expect-to-need-it

RBA Says QE Is Option at 0.25%, Doesn’t Expect to Need It

By
Michael Heath
November 26, 2019, 10:05 PM GMT+13 Updated on November 26, 2019, 10:30 PM GMT+13

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  Lowe favors buying government bonds if RBA were to opt for QE
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  Australia unlikely to get to point where it needs QE: Lowe

Australian central bank chief Philip Lowe laid out his cards for unconventional policy: A government bond-buying program is an option at a 0.25% cash rate, but the threshold for such stimulus hasn’t been reached and is unlikely to be in the near term.

“In my view, there is not a smooth continuum running from interest-rate reductions to quantitative easing,” Lowe, who has lowered the benchmark rate three times since June to 0.75%, said Tuesday evening in the text of a speech in Sydney. “It is a bigger step to engage in money-financed asset purchases by the central bank than it is to cut interest rates.”