MMT suggests governments can spend until we reach full employment. But does that work in smaller countries with a trade deficit?
A quarter percent rate cut is expected from the RBA today. NAB’s Rodrigo Catril explains why, as well as examining the sharp fall in the Kiwi dollar and bad news expected from Japan today.
Markets are being driven by economic data but NAB’s Rodrigo Catril says rising COVID-19 infections and tensions with China could soon take over. https://t.co/WOQr4sU9XB