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Vital Signs: does monetary policy work any more?

  • Written by Richard Holden, Professor of Economics, UNSW

In its quarterly statement on monetary policy, released today, the Reserve Bank of Australia declared its preparedness to “ease monetary policy further if needed”.

This suggests the bank still thinks monetary policy – in this case lowering interest rates to stimulate the economy – could help “support sustainable growth...

Read more: Vital Signs: does monetary policy work any more?

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