Published: May 22, 2019
The RBA has finally realised that if they want things to improve, it is not enough to hold interest rates at record lows
On Tuesday Philip Lowe, the governor of the Reserve Bank, made it as clear as a central banker can get that interest rate cuts are coming. He also was as clear as he could be that the economy needs a lot of help.
Don’t you just hate how reality comes along to rain on your parade? All that talk of a strong economy and glorious budget surplus – a surplus so sure to occur that we can talk in the past tense about how it has already happened a year from now! It all seemed so good.
Continue reading...from The Guardian http://bit.ly/2VWyc5n
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