RBA’s Lowe gives annual Shann lecture

13 August 2015

 

Deputy governor of the RBA, Philip Lowe, gave the annual Shann Memorial Lecture where he expressed the bank’s thoughts on the limitations of monetary policy except in the short term. “Monetary policy is ultimately not a driver of medium-term economic growth,” he said. Infrastructure, innovation, regulation and competition were more important. In a hint RBA officials are keeping an eye on house prices and the effects of low interest rates...

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