The RBA's steely infrastructure warning

Beyond deflecting some uninformed questions about the Reserve Bank’s $9 billion top-up, Glenn Stevens and Philip Lowe delivered some pertinent warnings about Australia’s long-term prosperity.

Reserve Bank of Australia Governor Glenn Stevens fronted the House of Representatives this morning to provide testimony in front of its Standing Committee on Economics. Unfortunately, instead of asking insightful questions on the many challenges facing our nation’s future, the committee focused most of its attention on the central bank’s reserve fund. It was a desperate attempt to score political points on an issue that few people should care about.

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