Reserve Bank Governor not for turning. No rate hike until unemployment near 4.5%
- Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University
Reserve Bank governor Philip Lowe’s message to the nation today through the National Press Club is that he means it.
He isn’t intending to push up interest rates – he most probably isn’t intending to even think about pushing up interest rates – until 2024, at the earliest.
That’s a full three years from now, at...
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