in Economy

Australia central bank says not obsessed with getting inflation back to target in a hurry

179 Views

MELBOURNE (Reuters) – Australia’s central bank is not “obsessed” with getting inflation back to its 2% to 3% medium-term target in a hurry, Governor Philip Lowe said on Thursday.

Lowe added that the government and business should use record low interest rates to invest more. The Reserve Bank of Australia (RBA) cut rates three times last year to 0.75% to help revive growth and inflation.

Lowe and his Canadian counterpart Stephen Poloz were speaking at Australia-Canada economic leadership forum in Canada.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source: Economy - investing.com

Everything Jim Cramer said about the stock market on ‘Mad Money,’ including Carnival cruises rally, Shopify COO

Coronavirus live updates: China’s Hubei reports 14,840 new cases, 242 additional deaths