Australia’s Morrison: Negative bond yields are an absurdity
|In an interview with Bloomberg TV on Thursday, the Australian treasurer Scott Morrison comments on the economy, while praising RBA chief Stevens and his policy efforts.
Key Quotes:
“In absence of recession threat achieving necessary change will be more frustrating and more difficult”
“Negative bond yields are an 'absurdity'”
“Australia's relatively low debt on a global basis is no excuse to be complacent”
“Policy emphasis is on controlling spending rather than tax increases”
“RBA under Glenn Stevens has shown enormous restraint”
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