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Grant Wilson

Why the Reserve Bank may need to be recapitalised

The central bank does not have sufficient capital if it is to increase rates any time soon.

The price action at the front end of global yield curves last week was wild and unhinged.

Australia was the epicentre as the Reserve Bank is now set to make history as the first central bank to exit the policy referred to as yield curve control (YCC).

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Grant Wilson is Executive Chair of Tivan Limited, a critical minerals company with major project status in the Northern Territory. He sits on the Advisory Board of Exante Data, Inc, a macro advisory and data analytics company based in New York. Connect with Grant on Twitter.

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    Original URL: https://www.afr.com/policy/economy/the-rba-will-need-to-be-recapitalised-20211031-p594pf