Business
Lowe gives green light for budget blowout – The Australian Financial Review
Reserve Bank governor Philip Lowe says the government should borrow more to maintain fiscal support, but direct financing from the central bank is not an option.
Reducing the cliff
The S&P/ASX 200 Index rallied 154.7 points, or 2.6 per cent, to 6156, its highest level since March 6 on news of the government’s JobKeeper extension. It is now 14 per cent off its record level, while the Australian dollar jumped 0.5 per cent to US70.49c, the highest it has been since July last year.
UBS analysts said the JobKeeper and JobSeeker support reduced the so-called fiscal cliff in December, when government assistance stops, to $84 billion or 17 per cent of quar…
-
General21 hours agoAmbulance response times sluggish despite Tasmanian ramping ‘ban’ promise
-
Noosa News18 hours agoBrisbane’s new bus timetable sees journey times decrease by two minutes in first three months
-
Business17 hours agoWhat it means for shareholders
-
Business19 hours agoUp 48% in a month, can Domino’s Pizza shares keep the momentum going?