RBA to do QE in early 2021 - RBA

The Reserve Bank of Australia (RBA) will start a quantitative easing (QE) program (government bond purchases) in early 2021, according to RBC analysts. 

The central bank will buy A$1.5 to 2 billion government bonds each month and run the program until its balance sheet expands by about A$40 billion.

Markets currently expect the central bank to cut rates by 25 basis points to a new record low of 0.5% in February. The central bank has cut rates by 75 basis points in 2019.