NAB CEO McEwan on Australia-China Relationship, Rates

The video discusses the importance of China-Australia relations for business, highlighting the challenges and potential for rebuilding strong ties. It covers the actions of central banks, particularly the Reserve Bank of Australia, in maintaining low interest rates and ensuring liquidity. The video also addresses government efforts to support the economy through programs like Job Keeper during COVID-19. Finally, it explores the possibility and implications of negative interest rates, drawing on European experiences.

What is the main focus of banks in the context of China-Australia relations?

• To increase interest rates

• To support customers trading between the two countries

• To focus on domestic markets only

• To reduce trade between the two countries

How have central banks globally responded to economic challenges?

• By increasing interest rates

• By maintaining low interest rates

• By closing down banks

• By reducing liquidity in the system

What role has the Australian government played in supporting the economy?

• Reducing employment opportunities

• Implementing the job keeper program

• Increasing taxes

• Closing down businesses

What is the speaker's view on negative interest rates in Australia?

• They are beneficial for banks

• They should be avoided

• They are necessary for economic growth

• They are already implemented

What alternative does the speaker suggest instead of negative interest rates?

• Closing international trade

• Reducing government spending

• Using other mechanisms to stimulate the economy

• Increasing taxes