Ross Gittins on the government's 'surplus obsession'
- Written by Michelle Grattan, Professorial Fellow, University of Canberra
The Australian economy is growing slowly, with people not opening their purses and businesses uncertain about the future.
The Reserve Bank has cut interest rates three times this year - the official cash rate is currently at a historic low of 0.75%. Many are arguing monetary policy has run its course, and fiscal stimulus is needed. This...
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