RBA eyes rate cut as growth and inflation disappoint

Trade tensions and weak household income hamper central bank’s previous plan to tighten policy

philip-lowe
Philip Lowe, Reserve Bank of Australia

The Reserve Bank of Australia (RBA) will consider a rate cut at its next monetary policy meeting owing to weak growth and below-target inflation, said governor Philip Lowe today (May 21).

In a speech to the Economic Society of Australia in Brisbane, the governor acknowledged the performance of the Australian economy has deteriorated since mid-2018 due to both international and local factors. He added that in this environment, looser financial conditions would support growth and boost inflation

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com 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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.