We have never seen such a combination of expansionary monetary and fiscal policy as today.
Cash rates are being set by the RBA at 0.1 per cent and the federal budget deficit is in the order of 10 per cent of GDP in 2020-21.
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Andrew Mohl was a senior economist at the RBA and group chief economist at ANZ Bank, before becoming CEO of AMP and an independent non-executive director of Commonwealth Bank.
