SYDNEY: Low global yields are forcing savers to take ever more risk to ensure an adequate future income, with people on the cusp of retirement much worse off than those a decade ago, a top Australian central banker said on Tuesday.
Speaking on the financial system, Reserve Bank of Australia (RBA) Governor Glenn Stevens said he would not comment on interest rates given the next policy meeting was only a week away.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!