Glenn Stevens calls on ‘animal spirits’ to drive Australian economy

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Glenn Stevens called on Australian businesses to embrace their "animal spirits" and get the economy moving today, suggesting the Reserve Bank of Australia (RBA) had done all it could through monetary policy.

Stevens, the RBA governor, told a parliamentary committee that his central bank had helped push investors towards riskier assets, increase asset prices and make credit extension "more viable" through its accommodative monetary policy.

The RBA has held its key policy rate at 2.5% for the past

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