Jeffrey Sheen

No change recommended. Conventional and unconventional monetary policy should be reserved for a response to a future acute crisis. Further cuts in the cash rate will do little to fix the key longer-term macroeconomic issue—the chronic decline in productivity growth—instead stronger fiscal policy measures and microeconomic reform are needed.

Outcome date: 
Monday 04 November 2019
Current rate: 
12 months: 
6 months: 

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