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RBA hints at rate cut as Victorian jobs take a battering – Sydney Morning Herald

The Reserve Bank has given its strongest signal yet interest rates could be slashed to new record lows as employment was battered in Victoria, with 36,000 jobs …

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Mr Frydenberg, who believes Victoria has not pulled its weight financially to help with the economic recovery, said last week the federal budget was “all about jobs” and there would be no economic recovery without a jobs recovery. The federal budget forecast the unemployment rate to reach 7.25 per cent by 2020-21 before falling to 6.5 per cent in 2021-22.
Mr Andrews said at a press conference the state had faced a second wave of coronavirus that others hadn’t so the job losses “weren’t surprisi…

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