Economy News

Australia central bank says scenarios for and against 2022 rate rise

SYDNEY (Reuters) – Australia’s top central banker on Wednesday said there were economic scenarios where interest rates could rise later this year, but it was also plausible that a hike may not come for another year or more.

Answering questions after a speech on the economic outlook, Reserve Bank of Australia (RBA) Governor Philip Lowe emphasised the country had a unique opportunity to get unemployment down under 4% for the first time in 50 years and it was worth being patient on policy to achieve that.

Source : Reuters/

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