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Unconventional policy 'unlikely', RBA says

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The Reserve Bank has told MPs it is "unlikely" that it will need to employ unconventional monetary measures. © AAP Images The Reserve Bank has told MPs it is "unlikely" that it will need to employ unconventional monetary measures.

The Reserve Bank has told MPs it is "unlikely" that it will need to employ unconventional monetary measures, even as economists predict more rate cuts from the central bank.

Responding to written questions from the House of Representatives Standing Committee on Economics, the RBA again acknowledged it had been studying the effects of such moves in other countries and could consider them, but that did not imply acceptance they would be needed.

"While at this point it is unlikely that the Reserve Bank will need to employ unconventional monetary measures, the Reserve Bank Board considered it prudent to understand the issues involved," the RBA said.

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