Debelle concludes with "there is considerable...>

RBA: Debelle concludes with "there is considerable uncertainty over the path

from here. This uncertainty includes the behavioural responses as health

restrictions are eased. There is also considerable uncertainty about the future,

which will affect the decisions of businesses and households. It has taken a

long time to recover from large declines in the economy in the past. The cause

of the decline this time is much different from those in the past. Many of the

imbalances that exacerbated declines in previous downturns are not present this

time. But it is still quite likely that this decline will have a long-lived

impact that will require considerable policy support for quite some time to

come. While much of that support is likely to be on the fiscal side, the Reserve

Bank will maintain the current policies to keep borrowing costs low and credit

available, and stands ready to do more as the circumstances warrant."