Clarifying on negative rates as a policy option, the Reserve Bank of Australia (RBA) Governor Phillip Lowe said that “not saying negative rates will never happen, just extraordinarily unlikely.”
Further comments
“Would not be doing QE absent the economic shock from the pandemic.”
“Would like to see state government spend more on infrastructure, etc.”
“The recession is not over.”
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- RBA’s Lowe: Done all can on rates, focus now on QE
- Breaking: RBA cuts key rate to a record low of 0.10%, expands QE by AUD100 billion
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