More radical action from RBA likely after Victoria’s extends harsh lockdown – Motley Fool Australia

The Reserve Bank of Australia (RBA) may be forced to pump more stimulus into the financial system after Victoria extended its lockdown.
Victorian Premier Dan Andrews outlined an aggressive plan to eliminate COVID-19 before residents can return to “COVID normal”.
The plan to “eradicate” rather than “suppress” is condemned by many business leaders. It will come at a big cost to the state and national economies.
Negative reaction to Victoria’s road to reopening
The chief executive of Wesfarmers…

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