RBA’s Lowe wants more market appetite for ‘real investments’
Greater infrastructure spending would help kick-start economies
Philip Lowe, deputy governor at the Reserve Bank of Australia, today urged policy-makers to do more to encourage investment in the real economy.
At a conference hosted by Commonwealth Bank, Lowe said central banks were trapped in accommodative policy mode, partly because investors have refused to create new assets by financing new investment projects, such as infrastructure.
Instead they have preferred to buy existing assets, providing only limited benefits to the economy. Progress has been
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