Business
Why the RBA chose $100b for QE – The Australian Financial Review
The bond-buying program is designed not to disappoint financial markets and keep up the appearance that the RBA is not funding the ballooning budget deficits of…
The nominated $100 billion figure over six months in Commonwealth and state government bond purchases was chosen by the RBA not just because it’s a nice round number.
It is intended to push down long-term government bond yields and, more to the point, the Australian dollar, which both fell after Tuesday’s announcement.
The RBA’s review of QE by other central banks suggests bond purchases equal to 5 per cent of GDP $100 billion have a “noticeable and meaningful” effect on long-term government bond…
-
General19 hours agoEnglish springer spaniels Kelly and Milo helping fight dieback in Western Australia
-
General8 hours agoHow the internet reacted to Brisbane Broncos winning the NRL grand final
-
Noosa News16 hours agoMega-team of heavy horses sets world record at Good Old Days Festival
-
Noosa News8 hours agoNRL grand final quick hits: Reece Walsh creates magic after avoiding sin bin as Broncos survive Hunt, Reynolds injuries to win premiership