It’s RBA day and Domain is pining for times lost:
Increasing real interest rates and Victoria’s stage-four lockdown will force the Reserve Bank to re-examine policy settings and its forecasts for the national economy amid growing evidence the jobs market has deteriorated in the past fortnight.
The RBA board is expected to hold official interest rates at their record low of 0.25 per cent at its Tuesday meeting – the first since Victoria was forced to shut key parts of its economy and tight restrictions were imposed on its border with NSW.
