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
Liza McDonald
HEAD OF RESPONSIBLE INVESTMENT
AWARE SUPER
AWARE SUPER
Liza McDonald would have you believe her path from a legal secretary to the head of responsible investment at Aware Super was a matter of good fortune. Her career says otherwise. Riddhima Talwani writes.
The Financial Standard podcast Tune in each week as we discuss the latest developments in Australia's wealth management industry. |  |
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?