SYDNEY, Oct 15 (Reuters) - The Reserve Bank of Australia
(RBA) Board was studying the benefits that would come from
buying longer-dated government bonds as part of its monetary
stimulus package to boost jobs and growth, Governor Philip Lowe
said on Thursday.
The RBA board was looking at whether expanding the existing
government bond-buying programme to include longer-dated
maturities would help its "main priority" of creating jobs, Lowe
said, responding to questions after a speech in Sydney.
Ten-year bond futures rallied on the remark, rising
6.5 ticks to 99.225, the highest since April 2020.
During his speech, Lowe opened the door for another cut to
the cash rate from a record low 0.25% now, saying monetary
easing would become more effective as the economy loosens its
(Reporting by Swati Pandey and Wayne Cole; Editing by