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Rates not a cure-all, says outgoing RBA governor

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Mr Stevens was forthright in his advice to government: it needs to bring the budget into the black while investing in infrastructure

Sydney

GLENN Stevens used his final speech as central bank governor to try to shake Australia out of its torpor.

The longer-term outlook he painted was fairly bleak: an extended period of low growth, debt-laden households with restricted borrowing capacity, monetary policy

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