RBA’s Lowe: rate raising “some way away”

Philip Lowe, deputy governor of the Reserve Bank, in his speech to the Committee for Economic Development of Australia covered the three themes which he says the RBA has endeavoured to communicate in the last few years: Australia’s economy is in a transition from the biggest resources boom in over a century to something a bit more normal. The transition presents challenges which are being compounded by what is happening...

read full story