The past few weeks have seen extremely low liquidity in interest rate markets, prompting central banks around the world to step in with a number of supportive actions.
In Australia the RBA cut cash to a new record low of just 0.25%. Now that the Australian cash rate has reached its “effective lower bound”, all eyes are on the nation's first dabble into quantitative easing to support the market. But just when we thought the banks had exhausted their tool kits, the US Federal Reserve has turned to credit purchases for the very first time.
Will these unprecedented and in some cases reportedly 'limitless' moves help maintain liquidity in global markets? What can we learn from the past? How will it impact cash and fixed income investments? What market signals are our fund managers watching closely?
Find out from some of First Sentier Investors experts:
- Tony Togher, Head of Short Term Investments & Global Credit
- Stephen Cooper, Head of Australian Fixed Income
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