We remain committed to buying bonds in whatever quantity is needed to support that target. Any bonds purchased in support of the threeyear yield target will be separate from the $ billion. I would now like to address four specific questions that I know some people would have. I will then answer questions more broadly. These four specific questions are: 1.
Why make this change now? 2. Is the RBA now financing the government? 3. Why have a price and a quantity target? 4. With interest rates so low, is the RBA now out of fire power? Why make these changes now?