Business
ASX 200 jumps 1.5%, RBA doubles QE, Afterpay soars on 2 February 2021
The S&P/ASX 200 Index (ASX: XJO) rose by 1.5% today to 6,763 points.
Here are some of the highlights from the ASX:
RBA announcement
The Reserve Bank of Australia has decided to double its quantitative easing program to $200 billion. The central bank also decided to keep the official interest rate at just 0.1%.
Further to that, the RBA decided to say that it’s not expecting to increase interest rates until 2024 at the earliest.
This had the effect of boosting the share prices of many different industries.
The Afterpay Ltd (ASX: APT) share price was one of the best performers in the ASX 200, rising by almost 8%.
Property shares got a big boost. The REA Group Limited (ASX: REA) share price went up around 5%, the Domain Holdings…
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