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A closed border and ongoing economic weakness even when it reopens means net migration to Australia is likely to be in the doldrums for some time. How significant an impact this will have on the housing market is a subject of debate.
A closed border and ongoing economic weakness even when it reopens means net migration to Australia is likely to be in the doldrums for some time. How significant an impact this will have on the housing market is a subject of debate.
There can be no doubt that swift and decisive policymaker action saved markets and economies a lot of pain in 2020. Moving into a new and hopefully less dispiriting year, a big question is whether the best means of cultivating a fragile recovery is really to continue trying to force credit indiscriminately down the throats of business and household sectors that are certainly not crying out for it.
Most big-four bank issuance in wholesale capital markets since the pandemic began has been tier-two additional capital – even as the local regulator has eased capital requirements to facilitate credit supply.
To the surprise of many, the corporate bond market – including the Australian domestic market – rebounded hard and fast from the early days of the COVID-19 crisis with ample liquidity and competitively-priced deal flow. Treasurers share their views on what could be a new paradigm.