RBA’s Stevens says infrastructure project could help solve growth problems
Governor sees room for government to develop infrastructure
The Reserve Bank of Australia's (RBA) ability to support growth using its monetary policy is limited, so it is the government that ought to take action, governor Glenn Stevens said today (June 10) in remarks to the Economic Society of Australia.
Stevens warned "expecting too much" of monetary policy could lead in time to "much bigger problems". The household debt burden in Australia is already high, leaving little room for a boost to consumption, while research suggests monetary policy is of
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