Photographer: Bloomberg/Bloomberg via Getty Images

Australia Reaffirms RBA Inflation Target, Underlines Flexibility

  • Central bank maintains 2-3% target in new policy agreement
  • Statement highlights flexibility, stability considerations

The Reserve Bank of Australia reaffirmed its commitment to targeting inflation when setting interest rates in Governor Philip Lowe’s first day on the job.

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