COVID-19 has left the Australian economy in a deep hole. Governments have taken steps once considered unthinkable, spending billions to prop up the economy.
But amid the flurry of activity, one key actor sits largely on the sidelines. Reserve Bank governor Phil Lowe has been unusually quiet in recent months.
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Brendan Coates is the economic policy program director at the Grattan Institute.
Matt Cowgill is a senior associate at the Grattan Institute.
