Philip Lowe mentioned a few points pertinent to recent topics discussed on this forum: 1. asset prices have risen substantially 2. very high level of liquidity in the Australian financial sector 3. RBA will be purchasing Australian Government Securities in the secondary bond market today!! 4. fiscal and monetary stimulus is likely to be needed for some time 5. interest rate will not increase until the economy returns to full employment and inflation gets into the 2-3% range https://rba.gov.au/media-releases/2020/mr-20-18.html
