Business
‘High employment a national priority,’ says RBA – Sydney Morning Herald
The Reserve Bank says the high rate of unemployment is a national priority as it flags the potential for further interest rate cuts after leaving the cash rate …
But the central bank will now wait another month before it reassesses the impact of the federal budget measures as it continues to consider how additional monetary easing could support jobs as the economy opens up further”.
The federal stimulus is expected to send the budget into a $220 billion deficit and will include fast-tracked personal income tax cuts, measures to allow pandemic-hit businesses to carry back their losses, and wage subsidies for 100,000 apprentices, along with a swathe of ot…
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