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Vital Signs: We are on the way back, but there are risks at every turn

By Richard Holden, Professor of Economics, UNSW
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We are hearing an unusual amount from the Reserve Bank this week.

On Tuesday, after its first board meeting for the year, the bank outlined plans to spend another A$100 billion it didn’t have (“created money”), to buy government bonds in order to keep interest rates down – so-called quantitative easing.

On Wednesday Governor Philip Lowe said he expected to keep the closely-watched inter-bank cash rate at its present all-time low of 0.10% for at…

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