Business
Breaking: RBA cuts key rate to a record low of 0.10%, expands QE by AUD100 billion – FXStreet
At its November monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) board members slashed the official cash rate (OCR) to a record
At its November monetary policy meeting on Tuesday, the Reserve Bank of Australia (RBA) board members slashed the official cash rate (OCR) to a record low of 0.10% from 0.25% previous, as widely expected.
The RBA set its three-year bond yield target at 0.10%.
The central bank also announced an expansion to its asset purchases program, quantitative easing (QE), by AUD100 billion.
“The package includes the purchase of $100 billion of government bonds of maturities of around 5 to 10 years over the…
-
Noosa News16 hours agoMan charged over allegedly abandoning Arnie the German shepherd in car after claiming dog and vehicle were stolen
-
Noosa News17 hours agoMotorcyclist dies in crash with truck
-
Noosa News17 hours agoSomerville House investigating after teachers’ dossier on students leaked
-
General22 hours agoSmall-town cleaner finds himself in legal battle with EnduroShield over product packaging