Australia’s Morrison: Negative bond yields are an absurdity

In an interview with Bloomberg TV on Thursday, the Australian treasurer Scott Morrison comments on the economy, while praising RBA chief Stevens and his policy efforts.

Key Quotes:

“In absence of recession threat achieving necessary change will be more frustrating and more difficult”

“Negative bond yields are an 'absurdity'”

“Australia's relatively low debt on a global basis is no excuse to be complacent”

“Policy emphasis is on controlling spending rather than tax increases”

“RBA under Glenn Stevens has shown enormous restraint”