Reserve Bank governor sees coronavirus and bushfires as short-term economic speedbumps | ABC News

The bushfire crisis has taken its toll on the economy, but the Reserve Bank of Australia isn't expecting the damage to last too long.

Reserve Bank governor Philip Lowe says the rebuilding effort will boost economic activity and he's hoping interest rates won't have to come down again.

Finance correspondent Phillip Lasker reports.

Read more here: https://www.abc.net.au/news/2020-02-05/rba-lowe-sees-coronavirus-and-bushfire-economic-speedbumps/11931822?section=business

For more from ABC News, click here: https://ab.co/2kxYCZY
You can watch more ABC News content on iview: https://ab.co/2mge4KH

Subscribe to us on YouTube: http://ab.co/1svxLVE
Go deeper on our ABC News In-depth channel: https://ab.co/2lNeBn2
You can also like us on Facebook: http://facebook.com/abcnews.au
Or follow us on Instagram: http://instagram.com/abcnews_au
Or even on Twitter: http://twitter.com/abcnews