· Philip Lowe Wiki · Reserve Bank of Australia WikiRecent economic developments
Read full speech on bis.org ↗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
- Russia's invasion adds uncertainty.
- Inflation is rising.
- The economy is resilient.
Solutions proposed
- Monitor uncertainties.
- Be patient on rate increases.
- Support the recovery.