Opinion

Dispensing with the myths around low interest rates

By Simon Cowan
June 8 2019 - 12:00am

With this week's cut, Australia's cash rate has fallen to its lowest level in decades, possibly longer. Along with the usual roulette as to whether the banks will pass the full benefit on to customers, there is a growing chorus of voices criticising the decision; saying that monetary policy is now powerless, or that the Reserve Bank of Australia should hold its firepower in reserve for a real crisis.

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