May
18
Lowe Says RBA Retains Rate-Cut Scope, Warns on Debt-Fueled Boom
By
Philip Lowe, Deputy Governor of the Reserve Bank of Australia. Photographer: Ian Waldie/Bloomberg
Australia retains scope to lower interest rates further, the central bank’s second in command said, while warning against spurring a debt-fueled spending boom.
“There is a fairly fine line to tread” in balancing the need to encourage household spending and business investment while preventing imbalances emerging in the economy, Deputy Governor Philip Lowe said in Sydney Monday. Australia has been trying to engineer a transition from mining since late 2011 when investment and commodity prices peaked…
Lowe Says RBA Retains Rate-Cut Scope, Warns on Debt-Fueled Boom
