‘We are reaching the limits of monetary policy,’ Reserve Bank governor says, urging governments to do moreThe Reserve Bank governor, or Glenn Stevens,has warned that the inability of governments and central banks to lift global growth prospects is the “biggest vulnerability” facing the world’s financial system nowadays.
He says global growth must be Australia’s focus but the country also needs to realise that central banks are running out of firepower and government policies must start carrying more of the burden. Related: IMF has to act, not just talk, or to jumpstart global economic growth Related: Interest rate cuts: talk is cheap,Glenn Stevens may soon hold to act | Greg Jericho Continue reading...
Source: theguardian.com