Tuesday, November 3, 2020

Rates near zero, massive gov't debt buying - Reserve Bank's pandemic strategy

Australia's Reserve Bank is set to unveil its latest fightback against the pandemic-induced recession. 

The big tip on Melbourne Cup day is that the RBA board will cut interest rates close to zero but also unleash a plan to buy massive amounts of government debt to keep borrowing costs low. 

I speak with Sally Sara on The World Today




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