Inflation and recent economic data
· Philip Lowe, Governor of the Reserve Bank of Australia (Australia)
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PL · Philip Lowe Wiki · Reserve Bank of Australia WikiInflation and recent economic dataContextKeynote address by Philip Lowe, Governor of the Reserve Bank of Australia, to the Financial Review Business Summit 2023, Sydney, 8 March 2023.
Why it mattersLowe weighs the risk of tightening too fast or too far.
Problems raised- High inflation must be temporary.
- Risk of moving too fast or too far.
- Economy may slow more than needed.
Solutions proposed- Balance risks in tightening.
- Return inflation to target.
- Monitor data carefully.
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