Philip Lowe: Opening statement to the Senate Select Committee on COVID-19 Opening statement (via videoconference) by Mr Philip Lowe, Governor of the Reserve Bank of Australia, to the Senate Select Committee on COVID-19, 28 May 2020. * * * Good morning and thank you for the invitation to appear before this Committee.
The past three months have been extraordinary ones in the life of our nation and there has been an unprecedented policy response. On the economic front, there has been very close coordination between monetary and fiscal policy, as there should be at times like this. As part of the RBA’s contribution to dealing with the pandemic, we announced a comprehensive package in mid March.