Noosa News
Reserve Bank boss expects ‘job shedding’ with end of JobKeeper
Wednesday February 03, 2021
Reserve Bank governor Philip Lowe expects employment growth will slow and som “job shedding” when the JobKeeper wage subsidy ends in March.
Reserve Bank of Australia Governor Philip Lowe (AAP Image/Joel Carrett)
But the governor is not disappointed by the Morrison Government’s stance, despite the central bank’s efforts to get the rate of unemployment down as quickly as possible through its low interest rate strategy.
“The government made it very clear it was a temporary program,” Lowe told the National Press Club in Canberra.
“When JobKeeper…
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