Outgoing Reserve Bank of Australia (RBA) Governor Philip Lowe delivers his final speech titled ‘Some Closing Remarks’ at the Anika Foundation, Sydney,
delivers his final speech titled ‘Some Closing Remarks’ at the Anika Foundation, Sydney, on Thursday.My recent focus is risk wages, profits run ahead of rates consistent with return to inflation target.Will be difficult to return to the earlier world in which inflation tracked in a very narrow range.Australia has been well served by a flexible inflation target.
Interest rates influence housing prices, but are not reason australia has some of the highest prices in the world.Guidance was widely interpreted as a commitment, rather than a conditional statement.Feed news If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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