Lunatic RBA on QE options

Via the Lunatic RBA’s recent appearance in Parliament:

It’s possible that we end up at the zero lower bound [for the cash rate]. I think it’s unlikely, but it is possible. We are prepared to do unconventional things if the circumstances warranted it. I hope we can avoid that. So what are the unconventional options?

When we look overseas, we see some central banks have very low interest rates and some countries have negative interest rates…That’s one possibility.

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