Oz Blog News Commentary

Costello: Hike interest rates now

August 21, 2017 - 00:16 -- Admin

The Australian has the story to ruin household’s day: Peter Costello, chairman of the nation’s $130 billion Future Fund, has urged the Reserve Bank to lift interest rates now to avoid households’ taking on more debt, which he says is contributing to “massive imbalances” in the economy. The nation’s longest-serving treasurer also expressed concern that

The post Costello: Hike interest rates now appeared first on MacroBusiness.

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