Lower interest rates 'not enough' to boost economy: Stevens

Commonwealth Bank Chief Executive Officer, Ian Narev

Commonwealth Bank Chief Executive Officer, Ian Narev Source: AAP

Reserve Bank Governor Glenn Stevens has lobbed a parting shot at the federal government, warning that lower interest rates aren't enough to meet the challenges facing the Australian economy. It follows a record profit from the Commonwealth Bank just weeks after the bank denied mortgage-holders the full benefit of the RBA interest rate cut.



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