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Recent economic developments

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

Summary written by Dark Majestic in its own words · topics: inflation and price stability, financial stability, development and emerging economies

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· Philip Lowe Wiki · Reserve Bank of Australia WikiRecent economic developments

ContextSpeech at the Australian Financial Review Business Summit in Sydney; the Reserve Bank of Australia pursues low inflation and full employment as prices rise.

Why it mattersLowe remains patient on rate rises despite the war.

Problems raised
  1. Russia's invasion adds uncertainty.
  2. Inflation is rising.
  3. The economy is resilient.
Solutions proposed
  1. Monitor uncertainties.
  2. Be patient on rate increases.
  3. Support the recovery.
Read full speech on bis.org ↗

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