Original article by Andrew White
The Australian – Page: 17 & 25 : 3-Jul-19
Reserve Bank of Australia governor Philip Lowe has signalled the potential for further easing of monetary policy after the cash rate was reduced to a record low of one per cent on 2 July. Lowe says there is still a lot of spare capacity in the economy, and it should be possible to reduce both the unemployment and underemployment rate. It was the first time the RBA had cut official interest rates in two consecutive months since 2012, and Paul Bloxham of HSBC says this suggests that the central bank is worried about economic growth.
RESERVE BANK OF AUSTRALIA, HSBC AUSTRALIA HOLDINGS PTY LTD, BUSINESS COUNCIL OF AUSTRALIA