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RBA eyes 'bumpy' recovery and more stimulus

John Kehoe
John KehoeEconomics editor

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Reserve Bank of Australia deputy governor Guy Debelle says the jobs recovery will be a "slow grind" even if the unemployment rate does not hit a forecast 10 per cent, while flagging monetary policy stimulus measures including buying more government debt to recover from the COVID-19 recession.

Dr Debelle said Western Australia's border closure was contributing to skills shortages in the resource-rich state and the lockdown in Victoria would slice 2 per cent off national economic output in the September quarter.

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John Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com

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    Original URL: https://www.afr.com/policy/economy/rba-eyes-bumpy-recovery-and-more-stimulus-20200922-p55xxf