John Romalis

The combined weight of several negative demand shocks and negative supply shocks from domestic sources (drought, fires) and international sources (contagion) will likely take its toll on the Australian economy, making it much more likely that further easing of monetary policy is desirable. GDP growth will likely remain slow, and medium-term inflationary pressure will likely be modest despite the supply shocks.

Outcome date: 
Monday 02 March 2020
Current rate: 
12 months: 
6 months: 

Updated:  21 January 2022/Responsible Officer:  Crawford Engagement/Page Contact:  CAMA admin