The Treasurer’s MYEFO statement today presents a rosier picture of Australia’s path to economic recovery than what was presented only 10 weeks ago when he announced the 2020-21 budget. 

Phew! After over 10 weeks of twiddling our thumbs and watching classic matches from the 90s to quench our thirst for sport, finally our favourite codes are starting to reappear from the shadows.

In Australia’s economic system productivity occurs fundamentally as a consequence of businesses seeking a competitive advantage.

The RBA was obliged to cut rates to 0.25%. It is right that monetary policy should be working in a co-ordinated manner with the government’s fiscal stimulus packages.

The RBA will and should cut rates to 0.25 percent.