The next set of instructions handed to the Reserve Bank will have to be realistic. That might mean a big adjustment.
Australia has two options to keep out of recession, neither of them easy. The government will have to abandon its determination to get the budget into surplus.
Any interest rate cut on Tuesday could be supercharged by another move to give borrowers more money to play with.
Combined, APRA and the Reserve Bank are about to give households on $150,000 up to $120,000 more borrowing power.
The state of budget-balance fetishism in Australia means political leaders promise to balance the budget, no matter what.
When the Reserve Bank considers the numbers around inflation, it knows it has little choice but to act, says Professor Richard Holden.
The media loves a victim, but sympathy for someone who won't spend what they've got because they're saving for their children is taking it too far.
Inflation has barely been within the Governor Philip Lowe's target band his entire time in office. Zero inflation means he should cut now, before the election.
When the Australian cricket team got caught in a ball-tampering racket, there were consequences. Our politicians do something similar, but get a pass.
Governments are addicted to tax revenue from harmful activities. It is stopping them from doing what is in society's best interests.