Pedal to the metal, but RBA trims massive stimulus spend to $4 billion a week

The Reserve Bank board has decided to tap the brakes on its massive stimulus program, but will continue to pump as much as $4 billion a week into the economy through its bond purchasing.

Interest rates hit 0.1 per cent – and likely to stay that low for three years, says RBA

The Reserve Bank has slashed official interest rates to 0.1 per cent and predicted rates would not start rising for at least another three years as it introduced a raft of measures to spark an economic recovery.

QE

Pedal to the metal, but RBA trims massive stimulus spend to $4 billion a week

Interest rates hit 0.1 per cent – and likely to stay that low for three years, says RBA