Australians obsessed with interest rates because ‘there is not enough else to talk about’, former RBA governor says
by Patrick Commins Economics editor from on (#6ZPYJ)
Glenn Stevens tells Reserve Bank historian: We've got a lot of media capacity and not enough real news to fill it'
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Australians are obsessed with interest rates because there's not enough else to talk about", says the former Reserve Bank governor Glenn Stevens.
Stevens, now chair of Macquarie Group, raised the ire of the Howard government when the independent RBA lifted its cash rate target only a few weeks before the 2007 election, which was won comfortably by Kevin Rudd.
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