Goldman Sachs believes RBA could resort to $200bn bond-buying scheme if rate cuts don’t lift inflationThe Reserve Bank of Australia could be forced into unconventional policy measures such as money printing to save the economy from stagnation if its latest round of interest rates cuts fail to stimulate growth, economists have warned.After cutting the cash rate for the third time this year on Tuesday to a fresh record low of 0.75%, the central bank warned that there could be more cuts to come as it pursues its twin targets of reducing unemployment and keeping inflation between 2% and 3%. Continue reading…
Source link : https://www.theguardian.com/australia-news/2019/oct/03/economists-warn-reserve-bank-could-be-forced-to-print-money-if-rate-cuts-fail-to-deliver
Author : Martin Farrer
Publish date : 2019-10-02 22:00:26
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