Reserve Bank of Australia Governor Lowe spoke earlier:
Q&A now:
- Australia has very high participation rate, unemployment not only rate to watch
- doing what we can on unemployment, up to government on fiscal policy
- says have to be realistic on speed of progress on unemployment rate
- seeing some additional govt spending because of bushfires
Headlines via Reuters
There will be more.
Something Lowe might to ponder is if the RBA keeps producing optimistic forecasts and sounding upbeat why would the government bother boosting fiscal support?
