SYDNEY:Australia's central bank on Friday called on all levels of government to "put all shoulders to the wheel" to fund the spending desperately needed to generate jobs and drag the economy out of its deepest recession in about a century.
Having slashed its cash rate to a record low 0.25% and implemented a bond buying programme in mid-March, Reserve Bank of Australia (RBA) Governor Philip Lowe said there were limits to what monetary policy could do.
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