Noosa News
Why interest rates won’t stay this low
The Reserve Bank of Australia is doing it – along with other central banks – in a process called quantitative easing (QE), which is banker-speak for printing money.Want to prop up the economy, encourage consumer spending and help exporters by stopping the Aussie dollar from rising? Abracadabra! Here’s an extra $100 billion!QE involves creating money electronically then buying government bonds in a complex process, and its use combined with ultra-low interest rates is affecting us all.And when…
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