Tuesday, November 17, 2020

Reserve Bank governor Philip Lowe urges more risk-taking to aid pandemic recovery

Reserve Bank governor Philip Lowe has urged consumers and businesses that despite the economic fallout from the pandemic, now is the time to start taking risks. 

Speaking in Sydney last night, Mr Lowe said the central bank's priority is to create jobs and to lower the unemployment rate and that risk was needed to reach the new goals. 

Also ABC's Peter Ryan says the Australian Stock Exchange is set to re-open this morning after an embarrassing computer glitch took it offline for most of yesterday. 

I speak with Sabra Lane on AM and Thomas Oriti on ABC News Radio

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