Economist Stephen Koukoulas firmly believes they should be slashed, telling an audience at Yahoo Finance’s All Markets Summit that the RBA has been failing the economy by being so slow to cut interest rates.
“The economy is pretty sick at the moment,” he said.
“Annual GDP growth is 1.4 per cent. Now that’s one of the lowest since the GFC [Global Financial Crisis]. We’ve got an economy that should be growing at around about 3 per cent.”
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