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RBA's Lowe: Goal is to get inflation back to target range within a reasonable timeframe

RBA's Lowe: Goal is to get inflation back to target range within a reasonable timeframe
Some further tightening may be required to meet that objectiveWe will do what is necessary to bring inflation back to targetWe are not on a pre-set coursePaying attention to consumption, inflation, jobs, global economic developmentsAustralian dollar had responded to change in rates outlook since April pauseThat last point is subtle but perhaps it warrants more attention.If the RBA had paused today and the Fed hikes tomorrow, it would result in the widest spread between Australia and US interest... Read More
Posted: May 2 2023, 11:21
Author Name: forexlive
Views: 081843

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