Philip Lowe is the Deputy Governor of the Reserve Bank of Australia and is the hot favourite to replace Governor Stevens in September. Reiterates low inflation provides scope for easing if needed. Says economic growth bit stronger than expected over 2015, kept unemployment steady. Central scenario still for GDP growth a bit below trend in […]
Low inflation may provide scope for easier policy. Reasonable prospects for economic growth. Appropriate for monetary policy to be accommodative. Assessing labour market, impact of volatility in global financial markets. Inflation likely to remain low over next year or two. AUD has continued its adjustment to changing economic outlook. Low rates supporting demand.