Philip Lowe: what is the new normal for economic policy?
- Features
Policy makers and government economists are being confronted with a once-in-a-generation low interest rate phenomena, which could mean Australia is in for a repeat of the tepid growth that plagued the Japanese economy of the last 20 years. RBA deputy governor Philip Lowe reflects on what it means as Australia struggles with the double challenge of low yields and the transition out of the mining boom.
