Australia’s top chief executives have bad news for Reserve Bank governor Philip Lowe – most are unwilling to drop their hurdle rates on new investments, despite the sharp fall in interest rates.
Mr Lowe has urged businesses to “adjust to the new reality of low interest rates" and lower the returns they need to approve new investments.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
Tony Boyd is the former Chanticleer columnist. He has more than 35 years' experience as a finance journalist. Connect with Tony on Twitter. Email Tony at tony.boyd@afr.com
