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Speaker 1: Bit of a surprier is moved from the government yesterday

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Speaker 1: just because of the timing, So an inquiry into the

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Speaker 1: Reserve Bank's COVID money splash. You'll remember the ocr was

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Speaker 1: slashed to a quarter of a percent, fifty five billion

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Speaker 1: dollars pumped into the economy, and this was the Finance

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Speaker 1: Minister yesterday.

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Speaker 2: The purpose of the review is to learn from experience

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Speaker 2: so that future shops can be navigated in the best

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Speaker 2: possible way. Those who don't learn the lessons of history

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Speaker 2: are doomed to repeat them.

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Speaker 1: Claire Matthews is professor Massi University Business School. Cliar, good morning,

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Speaker 1: good warning. It's surprised at the time. And do we

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Speaker 1: care about the timing. Is there more to learn?

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Speaker 3: Oh, there probably is some more to learn, but the

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Speaker 3: timing does seem.

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Speaker 1: Very odd because it's election here.

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Speaker 3: Because it's election year, quite frankness. They want to get

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Speaker 3: rid of the election paint. Just don't have it reporting

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Speaker 3: before the election. Go ahead with the review, but have

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Speaker 3: it reporting December February next year. Just don't have it

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Speaker 3: reporting before the election and that gets rid of that problem.

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Speaker 1: But it isn't so much of what our problems are now.

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Speaker 1: The genesis of them is COVID.

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Speaker 3: Well, I guess that's something that the review will tell us.

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Speaker 3: I think it's a bit simplustic to say that all

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Speaker 3: our problems today are due to COVID. Wh're now six

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Speaker 3: years past the start of COVID. There's been a lot

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Speaker 3: of other things happen in that time. It's all going

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Speaker 3: to be combining together to influence that. And as time

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Speaker 3: goes on, it gets very difficult to separate out what's

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Speaker 3: happening from between the different parts of it, and to

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Speaker 3: be able to say what we're experiencing now is only COVID,

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Speaker 3: I think is very simplistic.

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Speaker 1: Was listening to Michael Videll yesterday. He was saying, look,

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Speaker 1: your reserve bank is supposed to take into account because

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Speaker 1: obviously the government was spending like a drunken sailor. But

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Speaker 1: the Reserve Bank is meant to take that into account

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Speaker 1: when they're setting their rates. Right.

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Speaker 3: Oh, absolutely also got to remember that COVID was unprecedented.

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Speaker 3: It's not something that we had experienced at any recent time.

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Speaker 3: There was a lot of concern and so everybody was

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Speaker 3: trying to do what was seen to be best at

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Speaker 3: the time. Now in hindsight, it's fine to be able

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Speaker 3: to say, well, actually, maybe there are things that we

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Speaker 3: can learn, so yes, potentially there is some value in there.

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Speaker 3: Although the Reserve Bank has already done a review, it's

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Speaker 3: taken some lessons out of there. How much more are

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Speaker 3: we going to learn that? The timing just I'm afraid

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Speaker 3: I'm in the cynical camp. It's an election of the

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Speaker 3: employed cleared.

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Speaker 1: You know, there's so many things I want to argue

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Speaker 1: with you, argue with you about that you just said,

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Speaker 1: but I actually can't be bothered, and I think I

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Speaker 1: think probably most people will now so far on fall

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Speaker 1: into the same camp. Like you know, we kind of

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Speaker 1: know what happened. It's time to move on. But there

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Speaker 1: we go. Clear, appreciate your time this morning. Clear Matthew's professor,

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Speaker 1: Mass University Business School. For more from Early Edition with

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Speaker 1: Ryan Bread, listen live to news Talks. It'd be from

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Speaker 1: five am weekdays, or follow the podcast on iHeartRadio