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RBA pushing share prices up, not helping economy: experts – Motley Fool Australia
The central bank is keeping interest rates at near-zero, which the share market is loving. So what’s the problem?
Experts are openly criticising the Reserve Bank of Australia’s (RBA) current strategy, saying it doesn’t actually help the economy.
In response to the COVID-19 recession, the RBA has cut interest rates to near-zero. It has also performed quantitative easing to reduce yield on government bonds, which cynics label “printing money”.
However, the latest figures this week showed Australia was recovering remarkably well, with the gross domestic product expanding 3.3% in the September quarter.
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