Further comments are out from the Reserve Bank of Australia (RBA) Governor Lowe, citing:
Rate cuts have a lesser impact than in the past.
But cuts still effective.
Upside risk on inflation are very remote.
Had long discussion at board meeting on impact of rate cuts on savers.
A lot of work to do before there is a Facebook crypto currency.
Very strong advocate for spending on infrastructure.
Govt can borrow at cheapest rates since federation.
Must be projects that can earn a rate of return above borrowing costs.
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