CB-Intel tweets from RBA Lowe's panel participation

By Sophia Rodrigues

Published On 22 Jun 2020 , 01:59 PM

--At some point higher AUD could be a problem but we haven't reached the point yet
--Would like lower AUD but hard to argue it is overvalued now
--Interest rates could be at current levels for years
--Yes, We should be doing whatever it takes, both fiscal and monetary side
--We can borrow to build bridge but not to deal with slower growth. Right thing to borrow now to build bridge, make investments into future
--Lack of econ dynamism is a concern
--Don't think makes sense to have numeric target for unemployment rate like it is for inflation
--Confident we can meet the challenges of tomorrow. I remain fundamentally positive about future. (Finally you are back to glass half-full Dr Lowe)
--Fall in hours worked likely to be close to 10%. before this they estimated -20%, then -15%. (But I already beat you on this Dr Lowe)

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