The Wire

Reserve Bank Governor Glenn Stevens addressed the Prime Minister’s Economic Forum this morning, saying the exchange rate is not all bad and that the patchwork economy is not all down to the mining boom either. He says the last 20 years of high spending and no savings by Australians was unsustainable and needs to change. And that the best way to compete with Asia is by increasing our productivity.

The head of the Reserve Bank says the government needs to consider the list of economic reforms put forward by the productivity commission – but what are the reforms Glenn Stevens was referring to?