RBA pulls out the big guns
The Reserve Bank of Australia may go all in at its policy meeting next month.
The Reserve Bank of Australia may go all in at its policy meeting next month.
The rainy day that Australians have been fearfully saving for has come, and it’s meant the old fiscal mantras no longer resonate.
It is highly unlikely that there will be a pyrotechnic policy announcement at the bank’s next board meeting on October 6.
Australia’s resilience in past economic crises owed much to an open-door immigration policy. The coronavirus pandemic has kicked that pillar away.
The Reserve Bank’s deputy governor has warned the government against ceasing its massive wage subsidy program in September.
Australia’s central bank is providing clues as the US Fed mulls a new policy tool to help hold interest rates low amid the downturn.
Josh Frydenberg has confirmed the economy is in recession, but a quick response means there is room to be upbeat.
The slump in Australia’s economic growth due to COVID-19 has stunned forecasters, sparking calls for fresh data.
RBA governor Philip Lowe held back nothing when forecasting the worst conditions for the economy since the Great Depression.
Governor Lowe’s unprecedented comments signal our leaders aren’t under any illusions about the storm ahead.
Original URL: https://www.theaustralian.com.au/author/james-glynn/page/15