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1.Market Observations, 8.Was Sticky

26 July 2019 (AFR) – RBA’s Lowe flags ‘extended period’ of low rates

(26 July 2019, AFR, p1, Patrick Commins, Columnist)

‘Reserve Bank governor Philip Lowe has said Australians should “expect an extended period of low interest rates” and offered a spirited defence of the the bank’s monetary policy regime, saying it remained “strongly committed” to achieving its inflation target. Speaking at the annual Australian Business Economists Anika Foundation lunch in Sydney, Dr Lowe also said the RBA board “is prepared to provide additional support by easing monetary policy” if growth in economic demand “is not sufficient” to lift inflation “in a reasonable timeframe”.’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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