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Search ResultsShowing 1 - 10 of 100+ results for "Philip Lowe"
Chief economist update: A date with the RBA in July
BENJAMIN ONG  |  WEDNESDAY, 5 MAY 2021
The Reserve Bank of Australia's (RBA) May the fourth Board meeting would have been a ho-hum event had it not been for the month of July. As expected, the RBA left monetary policy settings unchanged - "including the targets of 10 basis points for ...
Chief economist update: Low for longer
BENJAMIN ONG  |  THURSDAY, 29 APR 2021
Latest inflation figures released by the Australian Bureau of Statistics (ABS) underscore both the Reserve Bank of Australia's prescience and governor Philip Lowe's expectation that the official cash rate will remain low until at least 2024. ...
Chief economist update: RBA promises support over the next three years
BENJAMIN ONG  |  WEDNESDAY, 7 APR 2021
"Come on, Barbie, let's go party" ... until 2024. In Reserve Bank of Australia (RBA) parlance: "The board is committed to maintaining highly supportive monetary conditions until its goals are achieved. The board will not increase the cash rate until ...
Chief economist update: What a difference an Australian year makes
BENJAMIN ONG  |  MONDAY, 22 MAR 2021
... taking no chances. In his recent remarks to the Melbourne Business Analytics Conference on March 15, RBA governor Philip Lowe, stressed that: "The RBA is doing what it can to support the recovery from the pandemic and will maintain that support until ...
Economic recovery has been stronger than expected: Lowe
ELIZA BAVIN  |  MONDAY, 15 MAR 2021
... economic recovery has been quicker and stronger than expected, according to Reserve Bank of Australia (RBA) governor Philip Lowe. Speaking at the Melbourne Business Analytics conference, Lowe stated that while there are still challenges facing the nation ...
The Great Australian Rebound
BENJAMIN ONG  |  THURSDAY, 4 MAR 2021
... consumer spending coming before savings return to its 30-year average of 5.1% Of course, as Reserve Bank Governor (RBA) Philip Lowe warned in his statement following the conclusion of the bank's 2 March Board meeting, "the path ahead is likely to remain ...
To keep or not to keep JobKeeper
BENJAMIN ONG  |  MONDAY, 15 FEB 2021
... 520,000 companies have stopped receiving the payments as their trade recovers." Even Reserve Bank of Australia boss Philip Lowe has given his nod to not keeping JobKeeper: "Given the recovery of the economy, I can understand why the government wants ...
Chief economist update: RBA extends QE
BENJAMIN ONG  |  WEDNESDAY, 3 FEB 2021
The Reserve Bank of Australia (RBA) painted a pretty picture of the Australian economy in its first board meeting for 2021. RBA governor Philip Lowe's statement at the conclusion of the Australian central bank's February meeting was optimistic ...
Jobs return to pre-pandemic levels
ELIZA BAVIN  |  THURSDAY, 21 JAN 2021
... jobless rate goes down. This was repeated at the final meeting of the RBA board in December 2020, where RBA governor Philip Lowe said the central bank was prepared to do more in helping the government with rebuilding the Australian economy. "At its future ...
We've done our part, now it's your turn: Lowe
ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
Reserve Bank of Australia (RBA) governor Philip Lowe was forced to remind the Standing Committee on Economics that the RBA is not solely responsible for economic recovery and the federal government also needs to pitch in. Lowe explained that while the ...
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