RBA considering ‘radical’ stimulus: Economist
An economist has poured cold water on the idea of the Reserve Bank resorting to so-called “helicopter money” or cash payments to stimulate the economy, but suggested other “radical” stimulus measures are being considered.
Speaking recently at a media briefing in conjunction with Seek, ahead of the release of latest job ads figures, NAB economist Kieran Davies — fresh from a stint working in the federal Treasury — suggested that further interest rate cuts are likely, with the prospect of more “radical” stimulus measures by early 2020.
Read more at MyBusiness.
