Comments from Reserve Bank of Australia Governor Lowe are here from earlier:
Reuters have popped up a recap of his testimony:
- “Mid-2025 is pressing the length of time we can reasonably take, because if we take longer than that, people may reasonably say: ‘Are you serious about the inflation target?’ I want to reassure you we’re serious,” said Lowe.
- “The risk to inflation is to the upside and we need to be attentive to that.”
Lowe with assistant governor of financial system Bradley Jones