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Terry McCrann
Reserve Bank of Australia Governor Philip Lowe speaks to the media in Sydney, Thursday, March 19, 2020. The Reserve Bank has cut the interest rate to a record-low 0.25 per cent in an historic suite of economic support to cushion the blow of the coronavirus pandemic. (AAP Image/Joel Carrett) NO ARCHIVING

RBA buries free money cargo cult

RBA governor Philip Lowe is providing a foundation of stability in this time of plague, volatility and monumental, confusing and continually changing uncertainty, writes Terry McCrann.

Terry McCrann
Empty CBD Melbourne. Cafe Mock Turtle in Degraves street has temporarily closed. Picture: Josie Hayden

The ‘good’ deficits we had to have

They are the “good” deficits we had to have, and if we can get the economy — and our lives generally — back to some sort of normality, they’ll be much smaller in the years to come, writes Terry McCrann.

Original URL: https://www.couriermail.com.au/business/terry-mccrann/page/103