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RBA boss Philip Lowe says Australia’s economy has ‘turned the corner’, but Government has more to do – ABC News

Philip Lowe says Australia’s economy has passed its low point, but faces a “bumpy path ahead” with the Federal Government best placed to support the recovery.

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The Reserve Bank governor says Australia’s economy has passed its low point but faces a “bumpy path ahead”, with the Federal Government best placed to support the recovery.
Key points:

  • Philip Lowe says the jobs market appears to have reached its trough, but there will be “bumps” as previously resilient sectors run out of work
  • Government borrowing costs are the lowest since Federation, and Dr Lowe says that allows for continued stimulus
  • But he says direct central bank fi…

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