The Governor of the Reserve Bank of Australia, Philip Lowe spoke on monetary policy yesterday.
- ANZ recap of RBA Governor Lowe's speech - 5 key takeaways
- RBA Gov Lowe Q&A now - says will not hike rates to control house prices
- RBA Gov Lowe: Underlying inflation at 2.5% would not be enough for a rate hike
Financial media in Australia have a blunt recap up on Lowe's lecture comments:
That is from the Australian Financial Review which may be gated.
Its worth a read if you can access the article, its brief and to the point, and can be summarised in Lowe's own words:
- "the latest data and forecasts do not warrant an increase in the cash rate in 2022".