Reserve Bank of Australia monetary policy meeting minutes and a speech from Governor Lowe are both due Tuesday 20 July 2020
- minutes at 0130GMT
- Governor Lowe is at 0230GMT - topic is: COVID 19, the Labour Market and Public-sector Balance Sheets
I posted on this on Friday but ICYMI, a reminder.
Lowe has been a little happier, or at least less unhappy, about how the Australian economy is beginning to recover from the COVID-19 shutdown response. I suspect his stress level is notching back up again with the new shut down in Australia's second largest city of Melbourne.
If you are not from Australia I should convey how big Melbourne is in relation to the other large cities in the country, this from Wiki gives you an idea:
Melbourne makes up around 20% of Australia's total population. Its a similar sized component of the national economy. The debacle in Melbourne is a going to weigh on Australia's economic recovery ahead.
RBA Governor Lowe looks like he just stepped in something unpleasant.
