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‘Be careful’: RBA reveals the forgotten lesson from the GFC – Yahoo Finance Australia
The deputy governor of the Reserve Bank of Australia has warned against pulling the trigger on this action too early.
Left: Treasurer Josh Frydenberg; Right: RBA deputy governor Guy Debelle. (Source: Getty)
Two years ago, in December 2018, Reserve Bank deputy governor Guy Debelle gave a speech on the lessons that had been learnt from the global financial crisis. At the time, the GFC had just marked its tenth-year anniversary.
But, looking back, theres something he left out from that speech, Debelle said in an online webinar on Tuesday.
There was one lesson from the crisis I didn’t talk about two years ago that…
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