The Story: https://michaelwest.com.au/mollycoddled-reserve-banks-10bn-gift-to-banks-to-help-with-rate-stress-or-profits/ "The Reserve Bank of Australia will pay the big banks $10 billion a year in interest for money the banks have sitting in deposit. Callum Foote and Michael West look at why the RBA has chosen to start paying interest on almost half a trillion dollars sitting in its settlement accounts. It […]

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