Monetary policy and interest rate channel 'not working' as they have previously: Bill Evans

Outgoing Westpac Chief Economist Bill Evans sits down with Sky News host Laura Jayes to discuss his thoughts on RBA's strategy over the last few years and where fiscal and monetary policy is heading. “Monetary policy and the interest rate channel is not working in the way it has in the past," he told Sky News Australia. "It's not just because it's too narrow of a channel, it's because some of the ways in which it works have been impacted by these legacies from COVID."