Earlier speech here: RBA Lowe: Some signs debt levels are affecting household spending
Now:
- Should welcome gradual rise of global interest rates
- Higher global rates encourage more business investment
- Worried that wage growth is too low, hope it will pick up
- Scope for more spending on Australian infrastructure, especially on transport
- Sees cycle turning better on business investment, first time in many years
- Household debt levels in Australia are not unsustainable, but does cause risk
more to come ... probably
Lowe jumping on the very popular (for central bankers) more fiscal spending wagon ... monetary policy appearing to have reached its limit.
Headlines via Bloomberg & Reuters
