Lower interest rates won’t grow jobs

Reserve Bank governor Philip Lowe says lower interest rates won't be enough to drive down the jobless rate. Mr Lowe is calling on politicians to drive structural reforms, which would see an increase in business expansion and people investing in their own workforces. NAB chief economist Alan Oster says the RBA will likely cut interest rates again next month and in November.

from National | Daily Telegraph http://bit.ly/2x6t2VJ