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RBA’s Lowe Comes Under Increasing Pressure to Cut Rates Below 1%

  • Governor may flag further monetary easing in evening speech
  • He has little choice as government focuses on budget surplus
Philip Lowe
Philip LowePhotographer: Mark Graham/Bloomberg

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Australia’s central bank chief Philip Lowe faces another year of shouldering the burden of economic stimulus as the government prioritizes a budget surplus over turning around the weakest expansion in a decade.