Commonwealth Bank of Australia's Clifton on RBA Governor's Testimony, BOJ Chief Nomination

The video discusses the challenges faced by Governor Lowe during his tenure, particularly regarding forward guidance on cash rates. It highlights the lessons learned from economic forecasting during the pandemic and suggests a shift to state-based guidance. The RBAC's mandate to maintain inflation and economic stability is explored, along with the impact of monetary policy on Australia's property market. The video also touches on the upcoming changes at the Bank of Japan with a new governor, indicating potential shifts in policy.

How does the economic situation in Australia compare to other global counterparts post-pandemic?

What impact does the downturn in property prices have on the Australian economy?

What are the expectations for the Bank of Japan's new governor regarding interest rates?