RBA board not expecting to raise rates for three years – Lowe

Philip Lowe
Philip Lowe
Crawford Forum

The Reserve Bank of Australia’s board does not expect to increase interest rates until 2023, governor Philip Lowe said.

The RBA left its interest rate unchanged at 0.1%, after its monetary policy meeting today (December 1).

“Given the outlook for both employment and inflation, monetary and fiscal support will be required for some time,” Lowe said. This meant, he said, that the RBA’s board “is not expecting to increase the cash rate for at least three years”.

Unemployment in Australia

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.

To continue reading...

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: