Price stability, the supply side and prosperity
22 November 2022 · Philip Lowe , Governor of the Reserve Bank of Australia (Australia)
Summary written by Dark Majestic in its own words · topics: inflation and price stability
PL 22 Nov 2022 · Philip Lowe Wiki · Reserve Bank of Australia Wiki Price stability, the supply side and prosperity Context Address by Philip Lowe, Governor of the Reserve Bank of Australia, at the Committee for Economic Development of Australia Annual Dinner, Melbourne, 22 November 2022.
Why it matters Lowe explains how supply shocks complicate monetary policy.
Problems raised High inflation after a decade of low inflation. Supply shocks raise inflation and cut output. Policy is complicated by supply shocks. Solutions proposed Return inflation to target. Improve the supply side. Maintain credibility. Read full speech on bis.org ↗ More from Philip Lowe · Reserve Bank of Australia · all speeches
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