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


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

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: