Chief economist update: How low will Lowe go?BY BENJAMIN ONG | FRIDAY, 15 NOV 2019 10:35AMIf financial markets were waiting for the Australian labour market report to raise the odds of another RBA rate reduction, they're too late. Now only one question remains. Related News |
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Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
Surely there's enough writing on the wall that lowering interest rates is no longer the answer to what the RBA is seeking to achieve. In fact, the strategy is having the opposite effect, and will inevitably continue doing so if pursued.
The question is: is the RBA prepared to admit it's time to rethink the non-working theory, and face the reality of a rethink?
Time to revisit JM Keynes?