Shoring up the economy will be on Scott Morrison's mind as he meets with colleagues in the
"A lower cash rate would support employment growth and bring forward the time when inflation is consistent with the target," Dr Lowe said in a speech to the Economic Society of Australia. The treasurer is also expected to meet with officials at the Australian Prudential Regulation Authority, a day after the regulator revealed it was considering easing lending criteria for banks.APRA has proposed dumping a guideline that customers should be able to pay back their loan if the interest rate was hiked to at least 7.0 per cent, leaving it up to lenders to decide their own floor rate.
Mr Morrison has made legislating the tax cuts its top priority, but is at the mercy of the Australian Electoral Commission on when they can bring parliament back.
All eyes aren't on the economy, most eyes wander and don't give a rats about such things, which is why when we force the general public to have an opinion on anything the outcome is inconsistent, erratic, and often unscrupulous, the best liars control opinions and cultures...