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The $500 billion money wave keeping mortgages cheap – Sydney Morning Herald

How does the RBA buying $5 billion a week in government bonds help those struggling through yet another lockdown?

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As lockdowns inflict a growing financial toll on many households and businesses, there have been calls for the Reserve Bank of Australia to do more to support the economy.
But official interest rates are already at a record low of 0.1 per cent, so what…

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