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The Times

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

  • Written by Richard Holden, Professor of Economics, UNSW
We are on the way back, but there are risks at every turnMarcel van den Bos/Shutterstock

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...

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