Outgoing Reserve Bank of Australia Governor Philip Lowe (pictured) said on Thursday that he recently focused on "the risk that the period of high inflation could lead to wages growth and profits running ahead of the rate that is consistent with a sustainable return of inflation to target."
That risk...
Reserve Bank of Australia (RBA) Governor Philip Lowe (pictured) emphasized the need for substantial rate increases to achieve the inflation target by 2024 but noted that it should not be done in a way that adversely impacts the nation.
He highlighted that adopting a more aggressive approach to...
The Reserve Bank of Australia's Deputy Governor Michelle Bullock will replace outgoing Governor Philip Lowe on September 18, Treasurer Jim Chalmers announced. Bullock has been deputy governor since April 2022 and will become the first female head of the Australian central bank.
"Michele is an...
Reserve Bank of Australia (RBA) Governor Philip Lowe will not be reappointed for a second term, Australian media outlet ABC News confirmed on Friday. Lowe's term will end in September, and his successor is expected to be announced later in the day.
According to the report, the frontrunners for the...
Reserve Bank of Australia (RBA) Governor Philip Lowe (pictured) on Wednesday said that it is still too early to "declare victory in the battle against inflation."
He explained the Board's decision to raise rates in June, noting that it was based on indications of greater upside risks to the bank's outlook....
Reserve Bank of Australia (RBA) Governor Philip Lowe said on Tuesday that peak in inflation is "now behind us" but that it will be "some time yet" before it reaches the target range of 2% to 3%. He reaffirmed that the RBA's main objective is to get inflation down to target "within a reasonable...
Reserve Bank of Australia (RBA) Governor Philip Lowe (pictured) said he believes that an RBA review will help the central bank navigate a complex economic situation in the world, welcoming the review panel's comments.
The review recommends creating a specialist board to manage monetary...
Reserve Bank of Australia (RBA) Governor Philip Lowe said that the decision of the central bank to hold interest rates steady in April does not necessarily mean that interest rate hikes are over.
According to the RBA head, some further tightening of monetary policy may be necessary in the...
Reserve Bank of Australia (RBA) Governor Philip Lowe said the central bank is closer to a point of pausing rate hikes.
Lowe emphasized that data on jobs, retail spending, business surveys, and PCI are important to consider and that these factors can indicate a pause is necessary. Lowe also...
Reserve Bank of Australia (RBA) Governor Philip Lowe (pictured) speaking at the Senate Economics Legislation Committee on Wednesday said the central bank is determined to remind people about the dangers of high inflation and how it can affect consumers.
"People really forgot about how...
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