#money #centrakbanking #RBA #australia #qe #yieldcurve #moneyprinting #stimulus #markets #economics
Today we will look at the latest actions of the Reserve bank of Australia and how it has announced A$100 billion in QE for the next six months. A$100 billion might not sound much but it's the equivalent of about $2 trillion over one year for the Federal Reserve.
The conclusion for the day is that we can expect to see more of the same from the Fed, the ECB, the Bank of England, and other central banks very soon.
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Statement by Philip Lowe, Governor: Monetary Policy Decision: https://www.rba.gov.au/media-releases/2020/mr-20-28.html
Adams/North: The People's Gold Will Not Be Kept Among The People:
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