Opening statement - House of Representatives Standing Committee on Economics
11 August 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
PL 11 Aug 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, 11 August 2023.
Why it matters Lowe tells lawmakers that services inflation may stay high.
Problems raised Inflation remains too high. Services inflation may stay high. Inflation expectations may rise. Solutions proposed Keep policy firm to return inflation to target. Monitor services prices. Remain accountable to Parliament. Read full speech on bis.org ↗ More from Philip Lowe · Reserve Bank of Australia · all speeches
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