Business
Super low interest rates come with side effects – TheBull.com.au
Ultra-loose monetary policy could even be counterproductive for economies. Sitting on the desk of Reserve Bank of Australia Governor Philip Lowe most days when …
18 October 2020 14min read
Ultra-loose monetary policy could even be counterproductive for economies.
Sitting on the desk of Reserve Bank of Australia Governor Philip Lowe most days when he arrives at work are letters from the public. Many are from retirees who have one complaint in this world of low interest rates. It’s not uncommon for people to say to me they’ve worked hard all their lives, they’ve saved, they’re frugal, they don’t spend very much, they rely on interest income and they’re …
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