Monetary policy, demand and supply
· 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 · Philip Lowe Wiki · Reserve Bank of Australia WikiMonetary policy, demand and supplyContextAddress by Philip Lowe, Governor of the Reserve Bank of Australia, at the National Press Club, Sydney, 5 April 2023.
Why it mattersLowe says demand must grow slowly while supply expands.
Problems raised- Inflation remains high.
- Supply side grows slowly.
- Demand must grow slowly too.
Solutions proposed- Return inflation to target.
- Expand the supply side.
- Anchor inflation expectations.
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