Reserve Bank of Australia’s (RBA) chief Philip Lowe fears the economy’s time is up and wants the Federal government to do more to generate economic activity. Lowe said: “The best option is creating an environment where firms want to innovate, invest, expand and hire people. I think that’s the best option. I’m sure at the analytical level the government would agree. The challenge they have is to develop a program to do that.” The central bank cut rates in June and July and is widely expected to do more over the coming months. Last month, RBA’s Lowe told the US Federal Reserve gathering at Jackson Hole that the monetary policy cannot deliver medium-term growth and we are just pushing up asset prices with rate cuts. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next China’s Official: US tariffs on Chinese goods “bullying” – Australian Press FX Street 4 years Reserve Bank of Australia's (RBA) chief Philip Lowe fears the economy's time is up and wants the Federal government to do more to generate economic activity. Lowe said: "The best option is creating an environment where firms want to innovate, invest, expand and hire people. I think that's the best option. I'm sure at the analytical level the government would agree. The challenge they have is to develop a program to do that." The central bank cut rates in June and July and is widely expected to do more over the coming months. Last month, RBA's Lowe told the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
