Australian Central Bank's Lowe Will Be the Economy's Main Carer

  • Government aims to reduce deficit, not provide fiscal support
  • Business lending drop suggests no sign of investment pick up

Rate Decision: What to Expect From the RBA

Incoming Australian central bank chief Philip Lowe faces the prospect of nursing a transitioning economy as the government focuses on reducing a budget shortfall to save the country’s AAA rating and economists forecast a Tuesday policy easing.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.