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RBA unleashes pincer movement to get Australia growing again – weekly review – Small Caps

This week has heralded an unprecedented pincer movement of fiscal and monetary policy designed to get the Australian economy growing again after the economic sh…

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This week has heralded an unprecedented pincer movement of fiscal and monetary policy designed to get the Australian economy growing again after the economic shock of COVID-19.
A week after Treasurer Josh Frydenberg unleashed what is undoubtedly one of the most stimulatory national Budgets in the world in terms of percentage of GDP, the Reserve Bank followed up that with a vow to really crunch down interest rates.
In signalling official rates will fall to just 0.1% from November, RBA Governor …

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