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Not quite less than zero: RBA looks at lower rates and more borrowing – Sydney Morning Herald
The Reserve Bank is considering options including lower interest rates to get the economy growing in a bid to drive down the jobless rate.
Dr Debelle, who warned the economy faced a gradual and uneven recovery from the recession, told an Australian Industry Group virtual conference the bank could seek to lower the structure of a range of interest rates across the economy without taking the cost of money negative.
This would also put downward pressure on the Australian dollar which, if it fell, would help the overall economy by making exports more competitive while also giving a financial advantage to domestic producers against imp…
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