Business
RBA calls on governments to spend big as unemployment tipped to rise – The New Daily
The Reserve Bank has once again urged state and federal governments to take advantage of record-low interest rates and spend big to rebuild the economy.
The Reserve Bank has once again urged state and federal governments to take advantage of record-low interest rates and spend big to rebuild the economy.
In the publicly released minutes of its September board meeting, the Reserve Bank board said the Australian and state governments were well placed to support the recovery as debt levels were low “relative to the size of the economy” and borrowing costs were extremely modest.
“Members noted that public sector balance sheets in Australia were st…
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