Business
How the RBA ‘prints’ $100b – The Australian Financial Review
The Reserve Bank governor was asked how the central bank physically pays for $100 billion in new bond purchases. This is how.
It is electronic, not a printing press, and it requires plenty of governance. Thats how Reserve Bank governor Philip Lowe explained how quantitative easing works.
Is it a matter of printing new money? How does it work? Dr Lowe was asked at the National Press Club on Wednesday after he announced the bank would buy another $100 billion worth of government bonds.
Philip Lowe explains quantitative easing as not printing money. We now live in an electronic world. Dominic Lorrimer
Its not printing money,…
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