RBA deputy governor says record low rates are beginning to work


The Reserve Bank of Australia's (RBA) loose monetary policy has helped maintain Australia's internal balance and the beneficial effects of record low rates are beginning to be felt, according to Philip Lowe, a deputy governor at the RBA.

Speaking at a conference of the Australian Industry Group on March 19, Lowe said debate over whether six rate cuts since November 2011 were working was not surprising due to the lag between a policy change and its effect. But he pointed to various reasons to be

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: