STIMULUS GIVEN
Recession In Australia (N.Z. Press Assn—Copyright) CANBERRA, Dec. 16. The Federal Government is relying on the latest Reserve Bank action to halt the minor recession in the Australian economy, according to authoritative sources. It believes that the release of £24m from the trading banks’ statutory deposits with the Reserve Bank and the call for more new housing loans will be sufficient stimulus for the time being. In addition to the Reserve Bank action, the Government is also known to be relying on drought relief payments stimulating the economy, resulting indirectly in a growth of employment in local Government fields.
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Bibliographic details
Press, Volume CIV, Issue 30937, 18 December 1965, Page 22
Word Count
101STIMULUS GIVEN Press, Volume CIV, Issue 30937, 18 December 1965, Page 22
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