Business
RBA’s Lowe is in no rush to taper – The Australian Financial Review
By doubling down on the RBA’s $100 billion money printing program, the RBA governor has sent a clear message that he is not ready to taper the extraordinary easy…
At a time when the Morrison government is preparing to end its $90 billion JobKeeper stimulus from late March, the RBA board would have also wanted to avoid the optics of both arms of macroeconomic policy fiscal and monetary pulling back in unison.
Most immediately, Lowe is trying to suppress the resilient Australian dollar, just like Prime Minister Scott Morrison and state premiers are trying to suppress the spread of COVID-19.
Not only is the RBA fighting upward currency pressures as a consequence…
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