There has been no change to the Board’s view that there is little to be gained from lowering the policy rate into negative territory. While a negative rate might lead to a helpful depreciation of the Australian dollar, it could impair the supply of credit to the economy and lead some people to save more, rather than spend more.
Those who do not have access to education risk being marginalised and having a relatively low income. 5. Over the past 25 years, the supply of education has not increased in line with demand, and this has generated a worldwide “excess demand” for high-level education, increasing competition and costs.