And add in the easing of credit restrictions too.
The Australian Financial Review with a report on analysis from two economists here in Australia, who argue that with those three …. "There is more than enough stimulus" for the economy (Market Economics' Stephen Koukoulas).
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I have been posting on these three and I reckon those economists could well be correct. Of course we will await incoming data, and external risks (trade wars and what have you) could still be problematic.
Yesterday MS had remarks on the 'three pillars' of stimulus also: