Opening statement - House of Representatives Standing Committee on Economics
17 February 2023 · Philip Lowe , Governor of the Reserve Bank of Australia (Australia)
Summary written by Dark Majestic in its own words · topics: inflation and price stability , growth, investment and productivity
PL 17 Feb 2023 · Philip Lowe Wiki · Reserve Bank of Australia Wiki Opening statement - House of Representatives Standing Committee on Economics Context Opening statement by Philip Lowe, Governor of the Reserve Bank of Australia, to the House of Representatives Standing Committee on Economics, Canberra, 17 February 2023.
Why it matters Lowe tells lawmakers that further tightening is likely.
Problems raised Inflation is too high in Australia. High inflation harms long-term performance. Planning and investment face uncertainty. Solutions proposed Raise rates further. Ensure the high inflation period is temporary. Report to Parliament. Read full speech on bis.org ↗ More from Philip Lowe · Reserve Bank of Australia · all speeches
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