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)