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The RBA has fired a $100 billion monetary bazooka. Here’s how it will help – The New Daily
On Tuesday the Reserve Bank of Australia announced a new salvo of monetary stimulus including the start of quantitative easing. Here’s how it will help.
On Tuesday the Reserve Bank of Australia announced a new salvo of monetary stimulus including the start of quantitative easing.
The announcement came in two parts.
The first was a further cut in interest rates from 0.25 per cent to a new record low of 0.1 per cent, with a promise to keep them there for a further three years.
The second part was a monetary bazooka in the form of $100 billion worth of quantitative easing.
What exactly is quantitative easing?
Although the RBAs cash rate is now close…
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