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RBA’s Lowe: Hasn’t Been Any Shift in RBA’s Inflation Tolerance, What Has Changed in Recent Months is Our Assessment of Risks
*RBA’s Lowe: Hasn’t Been Any Shift in RBA’s Inflation Tolerance
— *seven (@sevenloI) June 7, 2023
RBA’s Lowe: What Has Changed in Recent Months is Our Assessment of Risks
*RBA’s Lowe: RBA’s Patience Has Limit, Inflation Tested That Limit
*RBA’s Lowe: Strong Correlation Between Inflation Abroad and Australia
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The first few years of the 2020s have seen a number of acute economic, financial, and geopolitical disruptions on a worldwide scale, and it will take time for the ultimate ...
Thank you very much for the invitation to join Morgan Stanley’s Australian Summit. It is a pleasure to be able to join you. This morning, I would like to discuss the narrow path the Reserve Bank Board is seeking to navigate. That path is one where inflation returns to target within a reasonable timeframe, while the economy continues to grow and we hold on to as many of the gains in the labour market as we can. It is still possible to navigate this path and our ambition is to do so. But it is a narrow path and likely to be a bumpy one, with risks on both sides. Today, I would like to talk about the importance of the destination – that is, a sustainable return of inflation to target – and our strategy for getting there, including the decision yesterday to increase the cash rate again. I will then turn to some of the factors that the Board is considering as it navigates the path back to 2–3 per cent inflation. The return of inflation to target Recent inflation readings have been the highest for more than 30 years (Graph 1). The reasons for this are well known. They include supply-side disruptions caused by the pandemic, Russia’s invasion of Ukraine, and the large fiscal and monetary policy resp post at 7:20pm: *RBA’s Lowe: RBA on Alert to Risk Inflation Stays Too High, Too Long *RBA’s Lowe: Remain on Path to Soft Landing, but Significant Risks *RBA’s Lowe: Hikes Aim to Bring CPI Back to Target in Reasonable Time *RBA’s Lowe: Risks to Sustainable Wage Growth From Weak Productivity post at 7:20pm: RBA’s Lowe: Path Back to 2–3% Inflation is Likely to Involve a Couple of Years of Relatively Slow Growth RBA’s Lowe: Desire to Preserve Job Market Gains Does Not Mean Board Will Tolerate Higher Inflation Persisting post at 7:21pm: RBA’s Lowe: Too Early to Declare Victory in the Battle Against Inflation RBA’s Lowe: June Rate Rise Followed Information Suggesting Greater Upside Risks to Bank’s Inflation Outlook RBA’s Lowe: April CPI Reading Has Not Changed Assessment Inflation is Trending Lower
US Secretary of State Antony Blinken is likely to reschedule an aborted visit to China in the coming weeks, officials said Tuesday (Jun 6), as the two powers try again to put a ...
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Key statistics: • The Australian economy rose 0.2% in seasonally adjusted chain volume measures • In nominal terms, GDP rose 2.1% • The terms of trade rose 2.8% • Household saving ...
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- Posted: Jun 6, 2023 8:17pm
- Submitted by:Category: Low Impact Breaking NewsComments: 0 / Views: 2,067
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