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Lowe: COVID-19, the Labour Market and Public Sector Balance Sheets
I would like to thank you for your support of the Anika Foundation. The pandemic that we are all living through is traumatic for our entire community. Young people are no exception, with many anxious about their future job prospects and suffering from a loss of social connectivity. This means that the work of the Foundation is as important as ever. Thank you for your support. In this year's Anika Foundation talk, I would like to discuss two topics. The first is the impact of the pandemic on Australia's labour market. And the second is the important role that public sector balance sheets are playing in softening the ... (full story)
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RBA's Lowe: RBA Balance Sheet Has Expanded To A$280 Bln, Up From A$180 Bln Prior To Pandemic
— LiveSquawk (@LiveSquawk) July 21, 2020
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Market Understands RBA Prepared To Use Balance Sheet In Whatever Quantity Needed To Maintain 3-Yr Yield Target
— LiveSquawk (@LiveSquawk) July 21, 2020
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RBA's Lowe Says No Need To Intervene To Push Down A$, Which Is In Line With Fundamentals
— LiveSquawk (@LiveSquawk) July 21, 2020
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Australia government can borrow more to aid economic recovery, says RBA governor
Australia’s top central banker on Tuesday urged the government to borrow more and boost public spending to support the country’s economic recovery as that would be “the right thing to do in the national interest.” Reserve Bank of Australia (RBA) Governor Philip Lowe said the foundations of the Australian economy were strong with solid public balance sheets. He said monetary and fiscal policy measures were also helping to provide “an important bridge” to recovery as Australia faces its worst economic shock since the 1930s with the unemployment rate at a 22-year high. In a speech titled “COVID 19, the ... (full story)