Australia’s Lowe Shows He’s No ‘Inflation Nutter’ in Debut Call

Updated on
  • Governor decouples next inflation report from policy meeting
  • Money markets aren’t forecasting cut until June at earliest

Australia Keeps Rates Unchanged Amid Commodity Rebound

Reserve Bank of Australia Governor Philip Lowe gave his first policy statement Tuesday without deviating from a neutral stance. But his failure to mention inflation data due in a fortnight may signal a scaling back of CPI’s current significance.

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