RBA’s Lowe: global uncertainty clouding Australian outlook

philip-lowe
Philip Lowe: “Quite a different world” from the one seen earlier this year 

Philip Lowe has said global trade and the actions of other central banks are making it hard to see a clear picture of the path ahead for the Australian economy.

The Reserve Bank of Australia governor said on July 2 that there had been “persistent downside risks” at the global level, particularly the “trade and technology disputes” between the US and China. Many central banks have been cutting rates or are preparing to do so.

Lowe said this was “quite a different world” from the one seen

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