Outgoing RBA Chief Lowe Sees Rockier Inflation World in Future
- Supply shocks, deglobalization, climate will impact inflation
- Lowe hands on ‘half-full’ mug to his successor Michele Bullock
Philip Lowe in Sydney.
Photographer: Brendon Thorne/BloombergThis article is for subscribers only.
Australia’s outgoing central bank Governor Philip Lowe said the days of consistently low and steady inflation may be in the past in a wide-ranging speech titled “Some Closing Remarks.”
Supply disruptions, global warming, an aging population and the world’s transition to green energy suggest inflation is likely to be more volatile in years ahead, Lowe, who steps down Sept. 17, said in his final speech as Reserve Bank chief.