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Lowe: Opening Statement to the House of Representatives Standing Committee on Economics
Much has changed in the world since we last met in February. We have experienced a global pandemic, the biggest peacetime contraction in the Australian economy in nearly a hundred years and extraordinary monetary and fiscal policy measures. This all means that many of the challenges we face today were hardly imaginable just six months ago. Economic forecasting is very difficult at a time like this, but the RBA released its regular economic update last Friday in the Statement on Monetary Policy. I will begin by highlighting some of the main points from this update and then turn to the policy response. We do not yet ... (full story)
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RBA Governor Lowe: Conditions For Rate Rise Not Likely To Be Met For At Least Three Years
— LiveSquawk (@LiveSquawk) August 13, 2020
- Board's View Best Course Of Action Is To Continue With Current Package
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RBA Governor Lowe: Board Considered Possibility Of Undertaking Regular Program Of Bond Purchases
— LiveSquawk (@LiveSquawk) August 13, 2020
- Have Not Ruled Out Separate Bond Buying Program, Or Other Adjustments To Mid-March Package
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RBA Governor Lowe: Baseline Forecast For Unemployment To Increase, Reaching Around 10% Later This Year
— LiveSquawk (@LiveSquawk) August 13, 2020