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Opening statement to the House of Representatives Standing Committee on Economics

· Philip Lowe, Governor of the Reserve Bank of Australia (Australia)

Summary written by Dark Majestic in its own words · topics: inflation and price stability

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· Philip Lowe Wiki · Reserve Bank of Australia WikiOpening statement to the House of Representatives Standing Committee on Economics

ContextOpening statement by Philip Lowe, Governor of the Reserve Bank of Australia, to the House of Representatives Standing Committee on Economics, Sydney, 11 February 2022.

Why it mattersLowe remains patient as inflation rises globally.

Problems raised
  1. Inflation is a major global issue.
  2. Asia's inflation is low.
  3. Hearings are virtual.
Solutions proposed
  1. Monitor inflation.
  2. Be patient on policy.
  3. Remain accountable.
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