His comments follow a speech today by Reserve Bank governor Graeme Wheeler in which Mr Wheeler sought to answer critics who variously say he should stop lowering interest rates.
Northern hemisphere central banks have been kicking this can down the road for a long time. With special feature audio.
Dead Parrot monetary policy: If the Mr Wheeler hadn't nailed inflation targeting to the perch, it would be pushing up daisies. With special feature audio.
An official cash rate cut by the Reserve Bank next Thursday is as near to a certainty as one gets an economic policy these days. With special feature audio.