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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…
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