More from RBA's Ellis - job support packages will make recovery a little stronger

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia Assistant Governor Ellis QnA

  • employment will now not decline as much as forecast
  • still a pretty weak outlook given the lock restrictions in state of Victoria
  • forecasts assume a vaccine will not be fully distributed next year
  • need to get a hold of the virus to get a strong economy, its not a trade off
More still:
  • Board has not ruled out doing more
  • have not walked away from our inflation target
  • may take longer than usual to get inflation back to target
  • inability of the US control virus is a concern
  • very worried virus will weigh on growth in the US for some time yet
Ellis' comments on job packages after the Federal government overnight confirmed a boost/extension of the jobs package. 
For bank trade ideas, check out eFX Plus
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose