The Reserve Bank governor, Philip Lowe, says state governments should not be worrying about credit ratings at the moment.
- RBA governor Philip Lowe says state governments could be spending far more
- The Federal Government has announced measures worth 7 per cent of GDP, the states just 2 per cent
- Interest rates could remain at 0.25 per cent for three years
He said their priority should be job creation and they should be using their balance sheets to …