Its central scenario is the worst recession in 70 years. Its worst case scenario has the effects lingering for a decade.
Articles on Reserve Bank
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Modern Monetary Theory is suddenly popular because it implies governments can spend as much as they need to. But that spending comes with risks.
Scott Morrison has called upon the Australian embassy to investigate the assault of a Channel 7 news crew by Washington riot police.
The global financial crisis taught us recoveries needn’t be V-shaped.
Even when interest rates are already low, on balance further cuts boost rather than harm confidence.
The Conversation’s 2020 economic survey points to a dismal year, with no progress on many of the key measures that matter for Australians and an increase in the unemployment rate.
Businesses are reluctant to invest, but that might be because they know what they are doing.
In a speech broadcast live on the Reserve Bank website, the governor explained how quantitative easing would work. He won’t try it until the cash rate hits 0.25%.
MARTIN stands for “Macroeconomic Relationships for Targeting Inflation”. The bank’s new computer model says there’s much it can do to boost the economy after its cash rate hits zero.
Treasury Secretary Steven Kennedy says its up to the Reserve Bank to boost the economy. In normal times, that’s not his job.
A big surplus will come. It should be saved for something important, not simply spent.
Australia is becoming more like the United States. Increasingly, we invest overseas. Our domestic economy is weak.
The Reserve Bank’s best case scenario is that its forecasts are wrong.
Australia has more to fear than most countries from a global trade and currency war. All eyes will be on the Reserve Bank governor Friday as he attempts to outline what might happen.
A bold government would have delivered stages one, two and three of the tax cuts at once. Boldness is what we need.
After a hectic first week for the new parliament, Michelle Grattan speaks with Deep Saini about Jacqui Lambie’s role in helping pass the government’s tax cuts, and a further cut to interest rates - now 1%.
Philip Lowe is on the cusp of permanently changing Australia. He stands a good chance of being one of the best governors since the first, who ushered in the goal of full employment.
The Reserve Bank has cut the official interest rate to a new low of 1%, reflecting continuing concern over the slow economy.
By himself, Reserve Bank Governor Philip Lowe may not be able to keep us out of recession.
The Conversation’s distinguished panel predicts unusually weak growth, dismal spending, no improvement in either unemployment or wage growth, and an increased chance of recession.
Top contributors
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Professorial Fellow, University of Canberra
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Scientia Professor of Economics, UNSW
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Visiting Fellow, Crawford School of Public Policy, Australian National University
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Senior lecturer, Canberra School of Government, University of Canberra
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Associate Professor, School of Economics, University of Sydney
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Lecturer in Economics, Monash University
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Industry Professor, University of Technology Sydney
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Program Director, Trade and Investment, United States Studies Centre, University of Sydney
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Vice Chancellor's Fellow at Victoria University and Adjunct Professor of Economics, Victoria University
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Professor, School of Economics, The University of Queensland
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Emeritus Professor of Economics (Griffith University) and Teaching Associate (University of Queensland), Griffith University
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Associate Professor, Research School of Economics, and Research Associate, Centre for Applied Macroeconomic Analysis, Australian National University
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Professor of Finance, RMIT University
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Program Director, Housing and Economic Security, Grattan Institute
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Professor of Economics, The University of Melbourne