Economics
RBA Has Been 'Patient' as Unemployment Holds Steady, Says Lowe
- Bank carefully watching Aussies’ consumer spending behavior
- Testimony signals that unemployment rate is key metric: RBC
Philip Lowe
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
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Australia’s central bank chief said market expectations of an interest rate hike some way down the track were reasonable and signaled employment was a key metric to track.