RBA hearing: Philip Lowe talks interest rates, housing
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Tax cuts and growth
Another skirmish on the corporate tax cuts. A coalition MP asks Lowe if he agrees global growth is rising because of Trump's company tax cuts. Low says it is not the corporate tax cuts but the "short term fiscal stimulus."
He says how international tax competition plays out is still an open question. "In the longer term if everyone cuts corporate tax rates do you get stronger growth... it is an open question."
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