The Limitations Of Monetary Policy (And What Lowe Does Next...)

Last week, the departing RBA Central Bank Governor Philip Lowe used his final public comments given at the Anika Foundation to defend his more controversial comments, saying while some of his explanations had “missed the mark” the media also had a responsibility to avoid “clickbait”. But he also highlighted the limitations of monetary policy and suggested that fiscal and monetary policy could be better connected than today, something which should have been considered by the recent RBA review. So today we look at what he said, and will also touch on where Central Bank Governors go after they leave their […]