SYDNEY: Prime Minister Scott Morrison meet with the country’s central bank chief on Wednesday to discuss the nation’s slowing economy as pressure grows for urgent fiscal stimulus.
The meeting with Reserve Bank of Australia (RBA) Governor Phillip Lowe was part of a scheduled post-election briefing, but the talks took on greater significance amid a steep slowdown in the A$1.9 trillion ($1.31 trillion) economy.
Lowe said the RBA was considering cutting interest rates, the first cut in three years, to save an economy slowing due to sluggish spending and with lukewarm inflation. (REUTERS)
The meeting with Reserve Bank of Australia (RBA) Governor Phillip Lowe was part of a scheduled post-election briefing, but the talks took on greater significance amid a steep slowdown in the A$1.9 trillion ($1.31 trillion) economy.
Lowe said the RBA was considering cutting interest rates, the first cut in three years, to save an economy slowing due to sluggish spending and with lukewarm inflation. (REUTERS)