Business

Lew attacks RBA over mining boom

RETAIL mogul Solomon Lew has blasted the Reserve Bank for its mishandling of the mining boom saying its board lacked an understanding of the broader Australian economy and needed to immediately slash interest rates by as much as 75 basis points to revive spluttering economic growth across the eastern seaboard.

>> Read more business & technology news

In a broadside on the RBA's recent performance, the former RBA board member questioned if the organisation fully understood what was going on in the economy and especially the dire state of retailing.

''I really believe the RBA has mishandled the mining boom to the great detriment of the non-mining sector, in particular retail,'' Mr Lew said, in comments made during the presentation of the latest financial results for his retail group Premier Investments.

''With great respect, the RBA needs to drop interest rates immediately and I'm not talking about 25 basis points they need to help stimulate confidence at a time when all of Australia should be booming,'' he said.

Read more at Brisbanetimes.com.au

Topics:  cash rate inflation interest rates mining boom rba



How to do Eat Street the right way

EVERYTHING you need to know to get the most out of your Eat Street experience and to avoid a food coma when you’re only one stall deep.

Don’t go chasing waterfalls…find them on these drives!

The Scenic Rim is just one place nearby that you'll love.

BRISBANE isn’t all bright lights and city slickers.

Science Festival seriously awesome

Don't miss the World Science Festival Brisbane!

CALLING everyone who wants to see something totally cool.

Drink where the cool kids do this summer

There are a bunch of new bars open in Brisbane, make sure you're there!

CHECK out these new funky bars.

Discover Brisbane’s laneway gems

Brisbane's laneways will surprise you.

NOT all of Brisbane City is as it seems…

Top five things to experience this summer in Brisbane

Tangalooma is amazing if you're keen for a dive, kayak or swim.

THIS summer get out and explore your capital city.

Your boots are made for walking these tours

Brisbane Greeters tours are a great way to learn the local history of the city.

YOU don’t need a bike or bus for a seriously good tour of Brisbane.

Prime Tweed site sells at auction

SOLD: The old Rivers commercial retail building at 79-81 Wharf St sold at auction for $2.475 million recently.

Tweed development site sold at auction for $2.475 million

The magnificence of Fingal's sunrise

SPECTACULAR: The sun rising over Fingal Head Lighthouse.

Behind the Lens: sunrise at Fingal Head lighthouse

Local Partners

Convoy to go ahead amid protests by conservationists

POTTSVILLE residents will push ahead with their plan to stage a community march in support of a Men's Shed


REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Messing with your head

MIND BLOWN: What could be weirder than the realisation that we have another completely separate brain and nervous system than the one originating in our heads?

Fascinating connection between your gut and your brain

Neil Finn to headline Bluesfest

Neil Finn, of Crowded House fame, will play in Byron Bay with his wife Sharon and their band The Pyjama Club on June 11.

DON'T dream, it's not over, Neil Finn to hit the stage

Bindi Irwin's birthday tribute to her dad

BINDI Irwin has paid tribute to her late dad, Crocodile Hunter Steve Irwin, on what would have been his 55th birthday.

Reality TV show gives Maryborough a boost

*WARNING EMBARGOED until 9.15pm Monday January 30* Sean Hollands and Susan Rawlings pictured after their wedding on the TV series Married At First Sight. Supplied by Channel 9.

Maryborough looks good on reality TV show.

Buderim dad rejects gay son's emotional plea for second time

LOVERS: Grant and Chris have been together for more than three years, and Chris' parents refuse to acknowledge their son's fiance.

Son’s emotional plea rejected again by unmoved father

What's on the big screen this week

Ewan McGregor and Jonny Lee Miller in a scene from the movie T2: Trainspotting.

This week's new releases offer plenty of variety for movie buffs.

REVIEW: Under the Gun doco looks at right to bear arms

ARMED: A still from the 2016 documentary film Under the Gun by Stephanie Soechtig.

An in-depth look into America's gun culture.

Hodges proud to be part of first channel dedicated to NRL

Justin Hodges is gearing up for his new gig on Fox League.

Footy star hopes to provide a voice for players on new NRL channel

Furious Price wants to quit I'm a Celeb after clash with Keira

Steve Price has threatened to quit the jungle.

Will camp ration clash with Keira cause Steve to call it quits?

Prime Tweed site sells at auction

SOLD: The old Rivers commercial retail building at 79-81 Wharf St sold at auction for $2.475 million recently.

Tweed development site sold at auction for $2.475 million

$140k damage: landlord says property trashed, contaminated

He had what he calls "the tenants from hell"

Top 6 infrastructure projects in the Tweed for 2017

The Gold Coast Airport is getting an upgrade.

Find out what's going in the Tweed.

Submarine, buses and 3000 tyres removed in $100K clean up

The list of things removed from this property is beyond astonishing

Waterfront luxury in Tweed

14 The Mainbrace, Tweed Heads

Check out house of the week.

Ready to SELL your property?

Post Your Ad Here!