The economy needs help. Is QE the right answer? – The Australian Financial Review
The three-year bond yield is 0.13 per cent, well below the RBA’s 0.25 per cent target, but interest rates on longer-dated bonds are not falling on their own account and Australia has one of the highest 10-year government bond yields in the developed world at 0.81 per cent. Of course, the RBA is also widely…