(Bloomberg) -- Australia’s central bank will strengthen its assessment of potential risks when deploying unconventional monetary policy, Assistant Governor...
-- Australia’s central bank will strengthen its assessment of potential risks when deploying unconventional monetary policy , Assistant Governor Christopher Kent said following a review of a cheap lending program for banks introduced during the coronavirus pandemic.Should Evictions Be Banned After Hurricanes and Climate Disasters?
The TFF delivered on its policy goals by lowering borrowing costs and supporting demand following its launch in 2020, Kent said. He added that the RBA would use the tool again in extreme circumstances — though there were important lessons to be learned. The speed with which the RBA designed and implemented the TFF also limited its ability to fully consider and manage the associated risks, he added.“Forward planning can expand the options available, help us to better weigh up the costs and benefits of each, and prioritize any pre-emptive operational work,” he said.
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