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Remarks at the Reserve Bank Board Dinner

· 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 WikiRemarks at the Reserve Bank Board Dinner

ContextRemarks at the Reserve Bank Board dinner in Hobart; the Reserve Bank of Australia pursues low inflation and full employment and meets local business leaders.

Why it mattersLowe keeps larger hikes possible.

Problems raised
  1. Inflation is too high.
  2. The outlook is uncertain.
  3. Larger increases may be needed.
Solutions proposed
  1. Step up rate increases if needed.
  2. Watch the economy carefully.
  3. Return inflation to target.
Read full speech on bis.org ↗

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