- RBA's Governor Lowe: Fundamental long-term factors for Australia's economy remain strong, challenge is to capitalise on them
Market news
24 September 2019
RBA's Governor Lowe: Fundamental long-term factors for Australia's economy remain strong, challenge is to capitalise on them
- House price correction, slow rent growth, Government efforts to ease cost of living
- Low wages growth one of the factors contributing to weak inflation outcomes
- U.S.-China trade, technology dispute the most prominent global risk
- Risks to пlobal economy tlilted to the downside led by geopolitical uncertainties
- Seeking to understand the slowing in Australia's economy and the disparity between strong unemployment growth and weak output growth
- Inflation to pick up, but remain below the 2-3% target range for some time to come
- RBA says that if we need to ignore these shifts our exchange rate would appreciate as the Australian economy reaches a "gentle turning point"
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