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Per BBG, "Australia shouldn't be concerned......>

RBA
RBA: Per BBG, "Australia shouldn't be concerned about its escalating government
debt in response to the coronavirus crisis because of the long record of
responsible fiscal policy, Reserve Bank Governor Philip Lowe said. "If ever
there's a time to borrow, now is it," the RBA chief told the Australian
Broadcasting Corp.'s Four Corners program in a report on the scramble to combat
the economic fallout from the epidemic. "We shouldn't be worried" about the
debt, it cited Lowe as saying."
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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