Treasury’s John Fraser warns against lifting interest rates

Friday 13 July 2018

Outgoing secretary of the Australian Treasury has thrown a wet blanket over economists’ calls for the RBA to raise interest rates. From The AFR:

[Fraser] said “considerable care” needed to be taken to unwind the extreme fiscal and monetary policy interventions of the past decade.

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:

$24.99 / month

$249 / year

Cancel at any time through our billing provider, Stripe

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.