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Policy Measures To Get More Traction As Econ Opens: Lowe

RBA

The RBA believes the latest moves "will get more traction" as the economy opens than during the recent lockdown, Governor Philip Lowe said Tuesday.

  • "As restrictions are eased and people have more opportunities to spend our judgement is that further monetary easing now provides additional support to other policies," Lowe said.
  • He said the new measures, including a rate cut to 0.1% and increased bond purchases, were aimed squarely at the issue of unemployment, a problem which "damages the fabric of our society."
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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