RBA governor prodding Prime Minister and Treasurer to stimulate economy

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ANALYSIS: RBA governor prodding Prime Minister and Treasurer to stimulate economy

"We should not rely on monetary policy alone," he says.

But if the last election told us anything, it's that electors are averse to reform, especially if it might hurt. Reform also takes time, if it's to be explained and accepted. But with a projected surplus of a mere $7 billion in 2019-20 to potentially play with, finding the space for fiscal stimulus is troublesome, even if it might have economic merit.The sluggish Australian economy and — especially — sluggish wage gains have economic and political dimensions that now bite harder on the Coalition more than ever before.

 

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Morrison & Cormann will not budge from their own economic propaganda despite the dire warnings from the RBA & everything around us like plunging home prices, plunging car sales, retail struggling, zero growth. Morrison & Cormann will send the economy in to recession theage smh

A tax cut might help....

It is not wages they need to boost but these sly government and semi-government increases in charges and hidden taxes. Thousands of dollars a year being secretly imposed. Just curb this corrupt method of money raising.

By quitting? The easiest option is often the best. I'd spend some money on a party, for sure...

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