- RBA's deputy governor Debelle: Will take into account expected fiscal stimulus in future monetary policy decisions
Market news
4 March 2020
RBA's deputy governor Debelle: Will take into account expected fiscal stimulus in future monetary policy decisions
- We have capacity to cut rates one more time; beyond that we will have to consider QE
- I don't think negative interest rates are something that would be contemplating
- Estimates that Australia's services exports would fall by 10% in Q1
- Drop in services exports due to coronavirus would cut about 0.5% of GDP in Q1
- Still thinks that monetary policy is effective
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