RBA’s Lowe on historical lessons from high inflation
Philip Lowe, an assistant governor at the Reserve Bank of Australia, on Friday discussed Australia's economic experience during the past 20 years and the benefits of a flexible inflation targeting regime.
At a BankSA 'Trends' Business Luncheon in Adelaide, Australia, Lowe said: "Today, most people take low inflation as a given, as a permanent part of our economic landscape. Inflation expectations are well anchored and the possibility of a rapid increase in the general price level is not
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