The Reserve Bank has spelled out what it will do when rates inevitably approach zero.
Last night, in a much anticipated speech broadcast live on the Reserve Bank’s website, Governor Phil Lowe laid out in very clear terms the circumstances in which the bank would resort to quantitative easing and the way in which it would implement it. Here's what you need to know.
Quantitative easing is simply a change in the way it eases monetary policy when the official interest rate approaches zero.
Usually it does it by cutting the so-called cash rate, which is the rate banks pay each other for money deposited overnight.
Eight years ago the cash rate was 4.5%. Three years ago it was 1.5%. After the most recent three cuts in June, July and October, it is just 0.75%
Most people know not to feed chocolate to dogs. But did you know many other common foods in your fridge and larder are equally poisonous to canines? Everything from orange peel to toothpaste has the potential to make your dog seriously ill — in the wrong circumstances, it could even kill them. With that in mind, here are 25 everyday foodstuffs and other consumables that you should avoid feeding to your dog at all costs.
In light of the economic ramifications of the coronavirus outbreak in Australia, the government has announced a new suite of welfare packages to help Australians who've found themselves out of work with the new shutdown restrictions or economic downturn. Among them are the JobKeeper and Jobseeker payments, which are a little confusing at first. Here's what you need to know.