Australia's interest rate will stay low for years – Reserve Bank governor

Photo of Australia's interest rate will stay low for years – Reserve Bank governor
Facebook
VKontakte
share_fav

Philip Lowe says RBA officials are still trying to work out what ‘normal’ level of rates may be given slow wages growth

The Reserve Bank governor has confirmed that Australia’s official interest rate will remain near historical lows for years, with inflation unlikely to hit 2% until the end of 2019 at least.

Dr Philip Lowe said RBA officials were still trying to figure out what the new “normal” level of interest rates might be, because wages growth and inflation were not behaving as they have in the past.

Continue reading...
view The Guardian: World News
#australian economy
#interest rates australia
#reserve bank of australia
#business australia
#australia news
#australia employment statistics