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Lowe: Opening Statement to the Select Committee on COVID-19
Good morning and thank you for the invitation to appear before this Committee. The past three months have been extraordinary ones in the life of our nation and there has been an unprecedented policy response. On the economic front, there has been very close coordination between monetary and fiscal policy, as there should be at times like this. As part of the RBA's contribution to dealing with the pandemic, we announced a comprehensive package in mid March. The goal is to support the economy by keeping funding costs low and credit available, especially to small and medium-sized businesses. As banker to the Australian ... (full story)
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RBA Gov Lowe Says Decline In Jobs Could Now Be 15% As Opposed To 20% As First Feared
— LiveSquawk (@LiveSquawk) May 28, 2020
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RBA's Lowe: Unlikely to raise rates for a few years. Going to be a long, drawn out process to full employment -BBG
— DailyFX Team Live (@DailyFXTeam) May 28, 2020