Business
Paul Keating accuses Reserve Bank of not doing enough for Australia’s economy in Covid recession – The Guardian
The former prime minister urges the RBA to provide ‘mountainous sums’ of money to finance government stimulus
Paul Keating has slammed the Reserve Bank for indolence, accusing it of failing to do enough to support employment in Australia and calling on it to provide mountainous sums of money needed to finance government economic stimulus.
The former prime minister, who was in government during Australias last recession in the early 1990s, suggested the RBA could break with economic orthodoxy by directly buying government bonds from Treasury to fund spending needed to dig the country out of the current …
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