RBA’s Lowe: There are more effective ways to stimulate demand than to cut rates now

RBA Governor Phillip Lowe is on the wires, via Reuters, responding to the questions in front of the House of Representatives' Standing Committee on Economics.

Key Headlines:

Australia is going to have to make its cities denser

need more transport infrastructure investment

There are arguments for rate easing to lift growth, but would only push up borrowing and house prices

There are more effective ways to stimulate demand than to cut rates now