Australia’s Lowe confronts the country’s changing economy

philip-lowe

Philip Lowe, deputy governor of the Reserve Bank of Australia, spoke at the Australian Industry Group's 12th Annual Economic Forum in Sydney on March 7.

Discussing the changing structure of the Australian economy and monetary policy, he said the main challenge the country faced was "to make the best of the fundamental changes that are taking place in the global economy".

"As a country rich in natural resources, we are well placed to benefit from this change. But if we are to take advantage of

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