The year ahead
· Philip Lowe, Governor of the Reserve Bank of Australia (Australia)
Summary written by Dark Majestic in its own words · topics: inflation and price stability, growth, investment and productivity, labour markets and jobs
PL · Philip Lowe Wiki · Reserve Bank of Australia WikiThe year aheadContextAddress by Philip Lowe, Governor of the Reserve Bank of Australia, to the National Press Club of Australia, Sydney, 2 February 2022.
Why it mattersLowe ends bond purchases but stays patient on rates.
Problems raised- Inflation is lower in Australia.
- Wage growth is low.
- Bond purchases must end.
Solutions proposed- End the bond purchase program.
- Be patient on rates.
- Watch wages and inflation.
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