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RBA governor says economic recovery needs risk-takers – Sydney Morning Herald
RBA governor Philip Lowe has used a speech to urge consumers and businesses to take risks to ensure the economy continues its recession recovery.
Dr Lowe said the recovery could be stronger than expected, especially if there was a fast rollout of a COVID vaccine and businesses used low interest rates to invest and expand.
He said one of the bigger threats to the economy was a lack of risk-taking by both the business community and consumers.
There were signs before the pandemic of the economy becoming “less dynamic”. This would be exacerbated if people and businesses became more cautious about their borrowing and spending decisions.
“As we…
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