Drought could cost economy up to $12b

By Paul Osborne
Updated August 17 2018 - 12:36pm, first published 12:34pm
The RBA board looked at rainfall charts at its last meeting, which it had not done for some time.
The RBA board looked at rainfall charts at its last meeting, which it had not done for some time.

An extended drought would have a "significant" effect on the economy and food prices, says Reserve Bank Governor Philip Lowe.

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