RBA’s Lowe offers views on economic path for 2012


Philip Lowe, deputy governor of the Reserve Bank of Australia, today (February 16) offered his views on the country's economic picture for 2012.

Addressing the Committee for Economic Development of Australia in Sydney, he said this year "will no doubt again contain its fair share of surprises".

He outlined how both global and domestic pressures had led to a situation that was "historically very unusual".

"In this environment, economic forecasting seems to have more than the usual number of

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