Business
In the midst of battle, the monetary policy war may be over – Sydney Morning Herald
With rates already low and no real appetite for unusual methods to boost the economy, the RBA may find itself watching on during the recession.
The federal government is this year expected to run the largest budget deficit since World War II, shovelling tens of billions of dollars a month into the pockets of businesses and workers to keep the economy afloat. Deficits are tipped to run for years, with nominal debt likely to race through $1 trillion sometime in 2022 or 2023.
But the RBA is under growing scrutiny because despite being in the midst of the biggest economic shock since the 1930s, its ability to support the economy has been m…
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