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Vital Signs: We are on the way back, but there are risks at every turn – The Conversation AU
Our continued recovery depends on how much we spend and how quickly we get the vaccine.
We are hearing an unusual amount from the Reserve Bank this week.
On Tuesday, after its first board meeting for the year, the bank outlined plans to spend another A$100 billion it didnt have (created money), to buy government bonds in order to keep interest rates down so-called quantitative easing.
On Wednesday Governor Philip Lowe said he expected to keep the closely-watched inter-bank cash rate at its present all-time low of 0.10% for at least another three years.
And on Friday Lowe will give…
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