RBA chief backs Frydenberg plan

Original article by Richard Ferguson, Rachel Baxendale
The Australian – Page: 1 & 2 : 12-Jul-19

Reserve Bank of Australia governor Philip Lowe says he is in full agreement with Treasurer Josh Frydenberg’s view that the Australian economy remains sound. Lowe and Frydenberg met for two hours in Melbourne on 11 July. Lowe said after the meeting that it was a "remarkable achievement" that more Australians have a job now than at any previous time in the country’s history, while shadow treasurer Jim Chalmers claimed that Frydenberg is letting the RBA do nearly all of the heavy lifting.

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RESERVE BANK OF AUSTRALIA, AUSTRALIA. DEPT OF THE TREASURY, AUSTRALIAN LABOR PARTY, COMMONWEALTH BANK OF AUSTRALIA – ASX CBA, NATIONAL AUSTRALIA BANK LIMITED – ASX NAB, AUSTRALIA AND NEW ZEALAND BANKING GROUP LIMITED – ASX ANZ, WESTPAC BANKING CORPORATION – ASX WBC

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