Lowe Defends Flexibility of RBA Inflation Target in Rate Setting

  • Not the central bank’s job to meet CPI target ‘at all times’
  • RBA governor delivers first speech since taking helm

How Key is the Oil Price for the RBA?

Reserve Bank of Australia Governor Philip Lowe mounted a robust defense of the flexibility available in the central bank’s inflation target, saying employment and financial stability are also key factors in deciding interest rates.

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