Published: August 16, 2018
Philip Lowe says interest rates expected to be on hold for ‘a while yet’ but economy moving in right direction
Australians should expect “fairly gradual” wage growth and for interest rates to remain on hold for “a while yet”, according to the Reserve Bank governor, Philip Lowe.
On Friday Lowe said Australia’s economy had continued to move in the right direction, with GDP growth of 3.1%, inflation at 2.1% and unemployment at 5.3%, which he labelled a “pretty good set of numbers”.
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