Home RBA’s Lowe: Covid lockdowns have not been as damaging to consumption as first feared

RBA’s Lowe: Covid lockdowns have not been as damaging to consumption as first feared

Updated: 3 Feb. 2021 | 03:42

More comments coming in from the Reserve Bank of Australia (RBA) Governor Phillip Lowe, as he continues to respond to the Q&A session following his speech.

Key quotes

Covid lockdowns have not been as damaging to consumption as first feared.

Powerful, structural factors at work keeping wage growth low.

Need to have a very tight labor market to get wages up.

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