The Reserve Bank of Australia board discussed methods of pumping more money into the economy amid growing concerns over trade tensions between China and the US, and fears of a local downturn.reveal the board reviewed the use of "unconventional monetary policy measures" by other countries in response to the global financial crisis, suggesting it was preparing to implement quantitative easing measures if required.
The RBA has historically relied only on setting interest rates to stimulate or slow down the economy and the minutes show it will consider cutting further from aThe minutes noted that "a package of measures tended to be more effective than measures implemented in isolation", and that it "was important for the central bank to communicate clearly and consistently about these measures".
Domestically, the minutes showed the RBA believes the housing market may have bottomed on the back of its recent interest rate cuts.
Unconventional.....try lifting rates then.
After twenty eight years of allowing the banks to blow up land prices, & now they detect a problem? Asleep the switch 65 Martin Place Zzzz...
My god
WHO REALLY OWNS THE RBA? (RESERVE BANK AUSTRALIA)
Pretty simple really OUTLAW CASUAL employment You know, like......40% of the population might just be able to get a loan then......just sayin
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