Original article by Jacob Greber
The Australian Financial Review – Page: 3 : 13-Jul-18
Economists have been urging the Reserve Bank of Australia to use the opportunity afforded to it by the nation’s strong economy to lift interest rates. They are concerned that failure to do so will leave it struggling to respond to any future financial crisis. RBA governor Philip Lowe has made it clear that rates will not go up until inflation rises, while outgoing Treasury secretary John Fraser has also warned against calls for rate increases.
RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN PRUDENTIAL REGULATION AUTHORITY