Goldman's Boak Says QE Is Important Discussion to Have for RBA

The transcript discusses the structure of the market and the hypothetical scenarios involving quantitative easing (QE) in Australia. It explores unconventional policy options, including direct lending programs and QE, as potential strategies for the Reserve Bank of Australia (RBA). The discussion also covers the impact of interest rate policies on consumer confidence and the potential role of fiscal policy in shaping the economic outlook. The transcript emphasizes the importance of decisive and prompt actions in implementing QE and the need for a broader economic package.

What are the peculiar characteristics of the market mentioned in the text?

What is the base case regarding quantitative easing (QE) discussed in the text?

How does the RBA's guidance relate to unconventional policy?

What are the potential effects of the recent rate cuts on consumer confidence?

What fiscal policy settings are currently in place according to the text?

What is the expected impact of the government's budget on the economy?

What unconventional measures are being discussed in relation to monetary policy?