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RBA s Lowe speaks at the House of Representatives Standing Committee on Economics
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AUD/USD seesaws around 0 7400 as RBA s Lowe sounds cautiously optimistic
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Payload Friday
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RBA Faced With Vastly Different Situation Given Delta Lockdowns
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My heart goes out to the many millions of individuals, families, and businesses staring down the barrel of extreme, lockdown-induced adversity across the country right now. As the latest payrolls data show, every day folks are losing their jobs, incomes, and, sadly, their way of life.
Speaking to businesses, many say they are being permanently scarred by these unexpected events, and will not bounce back with the same vigour that characterised their exit from the original lockdowns last year, which they thought would be their last.
Policymakers need to work fast to help those badly hit by the extended lockdown. Â