Reserve Bank of Australia governor Lowe previously said:
In the Q&A, Lowe adds additional useful information:
- We will be open minded in political meetings
- if the data suggests a break until the next meeting, we will do so
Lowe noted that jobs data, retail spending, business surveys, as well as PCI, are important issues. If these data indicate that a pause is necessary, the Board will suspend rate increases. Otherwise it will be another hike. Lowe said more aggressive rate hikes are being considered and would bring the CPI closer to the 2025 target than the bank had hoped, but would come at a higher cost in terms of unemployment.
The next meeting of the bank will be held on April 4. Details before this meeting
- The February jobs report is due March 16
- February Retail March 28
- February CPI due on March 29
Lowe also knows that fixed-rate mortgage payments will be delayed in the coming months. Total required mortgage payments are expected to be around 9.5% of household disposable income. This is approaching an all-time high, reducing demand in the economy. And the rate inflation
Inflation
Inflation is defined as a quantitative measure of the rate of increase in the average price level of goods and services in an economy or country over a period of time. This is an increase in the general price level where a particular currency is effectively buying less than in previous periods. Inflation or its measures are highly affected in terms of strength or currency valuation and additional foreign currencies. Inflation is caused by the worldwide creation of money. This money m
Inflation is defined as a quantitative measure of the rate of increase in the average price level of goods and services in an economy or country over a period of time. This is an increase in the general price level where a particular currency is effectively buying less than in previous periods. Inflation or its measures are very influential in terms of valuation of strong or currencies as well as foreign currencies. Inflation is caused by the worldwide creation of money. This money m
Read this termor so the proof goes.
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