Philip Lowe says it's a good time for first-home buyers to get a foot on the property ladder as the economy grapples with the impact of the coronavirus pandemic.
New data from the ABS shows the Australian economy is back growing again,after its deepest three month drop in activity in the June quarter.
The OECD has upgraded its forecasts for the Australian economy while warning a dispute with China could delay the nation's recovery.
The Reserve Bank board has used its final meeting of the year to hold official interest rates at a record-low 0.1 per cent,where it expects them to remain for at least three years.
Household deposits in the nation's banks have reached a record $1.1 trillion as people,fearful of the pandemic,bide their time before spending.
More than 2 million workers have left the $101.3 billion JobKeeper scheme since the federal government reduced the wage subsidy at the end of September.
Further reductions in financial support for people pushed out of work by the coronavirus pandemic could economically devastate parts of Western Sydney.
A further cut in JobSeeker will hit suburbs just after Christmas. But new research suggests even a big lift in JobSeeker won't stop people looking for work.
The pandemic recession has turned the nation's state and federal budgets into deficit zones. How governments rebuild budgets will weigh on taxpayers for years.
Four months into the new financial year,the Morrison government has overseen the largest budget deficit on record as the pandemic recession hits revenues.
Figures show businesses are yet to use cheap credit and government assistance to start investing out of the recession.