Roosting chorus Tues Nov 3
Now Adrian Orr is not alone. Australia's Reserve Bank pulls out a 'whatever it takes' bazooka to print well over A$100b to try to get inflation up from 1% to between 2-3%. But is all this QE working?
Australia ‘fangs it’ with A$100b-plus money printing plan
For a long time this year, Reserve Bank Governor Adrian Orr has been out on his own in this part of the world, printing money to buy NZ$100b of Government bonds, lower long term interest rates and (accidentally on purpose) firing up another housing boom.
Some economists think he’s doing too much n…
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