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The Reserve Bank of Australia Governor Phillip Lowe is currently speaking on a panel at the Australian parliament’s House of Representatives Standing Committee on Economics.

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Key comments

  • RBA GOVERNOR LOWE SAYS AUSTRALIA IN A MUCH BETTER PLACE THAN MOST COUNTRIES
  • 04-Feb-2021 16:32:53 – RBA GOVERNOR LOWE SAYS ECONOMIC RECOVERY STARTED EARLIER AND IS STRONGER THAN WE HAD EXPECTED
  • 04-Feb-2021 16:33:09 – RBA GOVERNOR LOWE SAYS MANY ECONOMIC OUTCOMES WERE BETTER THAN OUR UPSIDE SCENARIOS
  • 04-Feb-2021 16:34:57 – RBA GOVERNOR LOWE SAYS BEFORE INCREASING THE CASH RATE, THE BOARD WANTS TO SEE INFLATION SUSTAINABLY WITHIN THE 2 TO 3 PER CENT TARGET RANGE
  • 04-Feb-2021 16:35:06 – RBA QUARTERLY STATEMENT SAYS RBA IS COMMITTED TO MAKING FURTHER PROGRESS IN REDUCING UNEMPLOYMENT AND HAVING INFLATION RETURN TO THE TARGET RANGE
  • 04-Feb-2021 16:35:08 – RBA GOVERNOR LOWE SAYS MEETING THIS CONDITION WILL REQUIRE A TIGHTER LABOUR MARKET AND STRONGER WAGES GROWTH THAN WE ARE CURRENTLY FORECASTING
  • 04-Feb-2021 16:35:21 – RBA QUARTERLY STATEMENT SAYS CENTRAL SCENARIO IS FOR THE UPSWING IN THE AUSTRALIAN ECONOMY TO CONTINUE, WITH ABOVE-TREND GROWTH OVER THE NEXT COUPLE OF YEARS
  • 04-Feb-2021 16:35:30 – RBA GOVERNOR LOWE SAYS DIFFICULT TO DETERMINE EXACTLY WHEN THIS CONDITION MIGHT BE MET, BUT, WE DO NOT EXPECT IT TO BE BEFORE 2024
  • 04-Feb-2021 16:35:37 – RBA QUARTERLY STATEMENT SAYS GDP IS EXPECTED TO INCREASE BY 3½ PER CENT OVER BOTH THIS YEAR AND 2022
  • 04-Feb-2021 16:35:44 – RBA GOVERNOR LOWE SAYS INTEREST RATES ARE GOING TO BE LOW FOR QUITE A WHILE YET
  • 04-Feb-2021 16:36:10 – RBA SAYS EXPECTING THE LEVEL OF GDP TO RETURN TO ITS END-2019 LEVEL BY THE MIDDLE OF THIS YEAR, WHICH IS 6 TO 12 MONTHS EARLIER THAN PREVIOUSLY EXPECTED
  • 04-Feb-2021 16:36:14 – RBA GOVERNOR LOWE SAYS THE BOARD JUDGED THAT IT WAS IN THE “NATIONAL INTEREST” FOR THE BANK TO CONTINUE WITH ITS BOND PURCHASES
  • 04-Feb-2021 16:36:28 – RBA GOVERNOR LOWE SAYS THE RBA DOES NOT, AND WILL NOT, DIRECTLY FINANCE GOVERNMENTS
  • 04-Feb-2021 16:36:29 – RBA SAYS IN OUR CENTRAL SCENARIO, THE UNEMPLOYMENT RATE CONTINUES TO DECLINE TO REACH 6 PER CENT BY THE END OF THIS YEAR AND AROUND 5¼ PER CENT BY MID 2023

 

More to come