Today's monetary policy decision
3 May 2022 · Philip Lowe , Governor of the Reserve Bank of Australia (Australia)
Summary written by Dark Majestic in its own words · topics: monetary policy and interest rates , inflation and price stability
PL 3 May 2022 · Philip Lowe Wiki · Reserve Bank of Australia Wiki Today's monetary policy decision Context Statement in Sydney explaining the day's monetary policy decision; the Reserve Bank of Australia pursues low inflation and full employment and has just raised rates.
Why it matters Lowe announces the first tightening in over a decade, ending emergency-level borrowing costs.
Problems raised Inflation has risen. Rates are at emergency lows. The economy is strong. Solutions proposed Raise the cash rate by 25 basis points. Increase the rate on settlement balances. Do what is necessary for the target. Read full speech on bis.org ↗ More from Philip Lowe · Reserve Bank of Australia · all speeches
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