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Lowe: Covid, Our Changing Economy and Monetary Policy
Thank you very much for the invitation to speak at CEDA's annual dinner. After so many webinars and Zoom meetings, it is great to be able to be here in person. 2020 has been a year like no other and one we will never forget – a global pandemic, the closure of our borders, the biggest economic downturn in nearly a century, a very large budget deficit, interest rates down to zero and QE by the RBA. None of this was expected at the start of this year. Unfortunately, it guarantees that 2020 will be a year that is talked about for decades to come. Yet through these difficult times, the underlying strengths of the ... (full story)
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RBA’s Lowe: Could Have Rapid Rebound If We Get Further Good News On The Health Front
— LiveSquawk (@LiveSquawk) November 16, 2020
But Pandemic Will Likely Leave An Extended Period Of Higher Unemployment
Challenge Ahead More Likely To Be Creation Of Jobs, Than Controlling Inflation Pressures
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RBA’s Lowe: Fall In Global Interest Rates Had "Gravitational Pull" On Australian Rates
— LiveSquawk (@LiveSquawk) November 16, 2020
Resisting That "Pull" Would Have Put Upward Pressure On A$
QE To Affect Capital Flows, Exchange Rate And Asset Prices
Now Is Not The Time For Higher Interest Rates
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