A British writer and broadcaster has urged Australia not to flirt with an inheritance tax after the Productivity Commission boss flagged the idea for the Albanese government.
Reserve Bank of Australia governor Philip Lowe could learn his fate in days | The Canberra Times canberratimes.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from canberratimes.com.au Daily Mail and Mail on Sunday newspapers.
7/8/2021 3:12:35 AM GMT | By Dhwani Mehta
The Reserve Bank of Australia (RBA) Governor Phillip Lowe is back on the wires now, responding to the Q&A session following his speech on the labor market and monetary policy at a webinar hosted by the Economic Society of Australia on Thursday.
Key quotes
“Fiscal policy will need to play a bigger role in future cycles.”
“Likely QE will be needed in future business cycles.”
“But there are limits, central banks cannot keep buying assets.”
“Does not see a convincing case for a change to the CPI target.”
“Will take a long time to get wages above 3%.”
7/8/2021 2:31:50 AM GMT | By Dhwani Mehta
“Step-down in bond buying does not represent a withdrawal of support by the Reserve Bank of Australia (RBA),” the central bank Governor Phillip Lowe said while speaking about the labor market and monetary policy at a webinar hosted by the Economic Society of Australia on Thursday.
Additional quotes
“Expect it will take until 2024 for inflation to be sustainably within 2-3% range.”
“Likely wage growth will need to exceed 3% to get inflation in the target range.”
“Unemployment will need to be sustained in low 4s to be considered full employment.”
“Recovery of the Australian labor market this year has been remarkable.”