RBA’s Lowe: Deadly serious about getting inflation back to target

Market news

12 July 2023

RBA’s Lowe: Deadly serious about getting inflation back to target

Reserve Bank of Australia (RBA) Governor Philip Lowe is speaking on "The Reserve Bank Review and Monetary Policy" at the Economic Society of Australia Business Lunch, in Brisbane.

Also read: RBA’s Lowe: Possible some further tightening will be required to return inflation to target

Key quotes

Deadly serious about getting inflation back to target.

Would be honoured to continue as governor if asked.

Confident that higher interest rates are working.

Have open mind on whether have to tighten more.

Market reaction

AUD/USD was last seen trading at 0.6723, adding 0.58% on a daily basis.

AUD/USD Price Analysis: Acceptance above 0.6700/200-day SMA favours bullish traders

USD/CAD slides to two-week low amid bullish Oil prices/weaker USD, ahead of US CPI/BoC

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