How we learned to love the ‘debt mountain’

In our latest podcast Martin Whetton, Head of Fixed Income and Currency Strategy joins Belinda Allen, Senior Economist to discuss how Australia’s government debt position has changed over recent decades. Importantly the mind set has changed on the need for government debt caused by large fiscal injections to create demand during the pandemic.  Martin discusses how investors remain un-fazed by the lift in debt and borrowing costs remain low reinforcing the transition away from the ‘deficit bad, surplus good’ scenario.

 

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