Business
ASX 200 jumps 1.5%, RBA doubles QE, Afterpay soars on 2 February 2021 – The Motley Fool Australia
The S&P/ASX 200 Index (ASX:XJO) has soared 1.5% after the RBA doubled its quantitative easing. Afterpay Ltd (ASX:APT) shares jumped 7.6%.
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.
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