Business
Peter Costello warns ultra-low rates risk creating the next financial crisis – Sydney Morning Herald
Future Fund chairman Peter Costello has warned central banks against keeping borrowing costs at record lows for longer than necessary.
Future Fund chairman Peter Costello has warned ultra-low interest rates risk creating the next financial crisis if central banks keep borrowing costs at record lows for longer than necessary.
Reserve Bank governor Philip Lowe has said he expects to keep the cash rate at just 0.1 per cent until 2024, but Mr Costello on Tuesday said he hoped this would not be the case, because it would represent ongoing economic weakness.
Former federal treasurer Peter Costello has warned on the risks posed by ultra-low…
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