Unconventional Monetary Policy In Australia - Lessons From Overseas
Unconventional Monetary Policy In Australia - Lessons From Overseas
Today I discuss governor Philip Lowe's speech last night on unconventional monetary policy. He discussed QE, negative interest rates, bond buying programs, private asset purchases & modern monetary theory. He believes Australia is heading along a good path & that wages growth will pick up to 3.5% in 2020 or 2021. But with global growth slowing & household debt so high. I think Australia & many countries may be heading into recession or another global financial crisis. #Australia #Finance #Economics
https://www.rba.gov.au/speeches/2019/sp-gov-2019-11-26.html
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