Australia Watching World Economy, Wages for Interest Rate Path, Lowe Says
Australia Watching World Financial system, Wages for Curiosity Charge Path, Lowe Says
Australia’s central bank can pay “close attention” to family spending, wage and value setting conduct and the worldwide economic system because it decides how briskly and the way far to lift rates of interest, Governor Philip Lowe stated.
“Developments in each of these three areas will affect the pace at which inflation returns to target and whether the economy can remain on an even keel,” Lowe stated in a speech Tuesday. “The board expects to increase interest rates further over the period ahead. We are not on a pre-set path though.”