19 March 2020
Today the Reserve Bank has cut the cash rate to new record lows and taken a number of extraordinary and welcome steps to support the Australian economy and financial system.
Response by Financial Regulators to Coronavirus
16 March 2020
Labor welcomes today’s news that the Reserve Bank and Australia’s financial regulators are taking coordinated action to support the functioning of markets, and boost credit, liquidity and economic activity during this challenging time.
Business Liaison Announcement
14 March 2020
Of course there should be a Coronavirus Business Liaison Unit in the Federal Treasury.
Statement on Coronavirus Economic Stimulus Package
12 March 2020
Labor is supportive of the Government’s stimulus measures announced this morning.
Confirmed: Growth Was Weak Before the Virus Hit
04 March 2020
The National Accounts confirm that quarterly growth slowed in the December quarter and was below average before the Coronavirus outbreak hit.
New Lows for the Cash Rate and Morrison's Credibility
03 March 2020
Today’s decision by the Reserve Bank to cut the cash rate to 0.5 per cent is a new low for the cash rate and a new low for the Morrison Government’s economic credibility.
Another CAPEX Collapse
27 February 2020
New data showing capital expenditure has collapsed again absolutely destroys Josh Frydenberg’s claim that the economy was performing strongly before the Coronavirus outbreak hit.
Weak Wages Growth Stalls Again
19 February 2020
New data has revealed that weak wages growth has stalled further.
09 February 2020
It has been an extraordinary honour to serve alongside Wayne Swan, to have worked for him, and to know him as a mate and a mentor.
RBA: Economic Growth Downgraded Again
07 February 2020
Today the Reserve Bank downgraded its forecasts for economic growth for the third time since the May 2019 election.