Business
Victoria’s $5.2b lockdown hit to bring RBA into play – The Australian Financial Review
The hit to Victoria is so bad the Reserve Bank may have to reconsider its decisions on Tuesday.
“The Shadow Board attaches a 6 per cent probability that a final rate cut, to the lower bound of 0 per cent is appropriate,” the board said.
The RBA has been explicit it would not move to negative rates because the disadvantages to the economy would be greater than the benefits.
In his most recent speech, governor Philip Lowe mentioned the remaining monetary policy options available to the central bank, including lowering rates further and ramping up its quantitative easing program.
“Using in…
-
General24 hours agoDairy farmers devastated by floods across parts of New South Wales
-
Noosa News21 hours agoBrisbane’s Triffid forces redesign of $1.5 billion tower project
-
Noosa News23 hours agoMan dies in Gold Coast after rolling trailer pins him to lamp-post
-
General20 hours agoSussan Ley’s office says Bridget McKenzie made false claims about cabinet solidarity