Construction work points to sluggish GDP

By Colin Brinsden
Updated November 27 2019 - 4:28pm, first published 4:25pm
RBA Governor Philip Lowe says it is unlikely interest rates in Australia will fall below zero.
RBA Governor Philip Lowe says it is unlikely interest rates in Australia will fall below zero.

New figures suggest the Australian economy is still crawling along at a growth rate below two per cent, but Reserve Bank governor Philip Lowe has made it clear that negative interest rates are "extraordinarily unlikely" in response.

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