RBA’s Lowe on policy implications of Australia’s higher terms of trade
Philip Lowe, as assistant governor at the Reserve Bank of Australia, on Wednesday cautioned against making premature assumptions about the recent rise in Australia's terms of trade on policy decisions.
At the Australian Industry Group's 11th Annual Economic Forum in Sydney, Lowe said: "There would seem to be little benefit in changing the structure of the economy to reflect the new relative prices, only for the old set of relative prices to reassert themselves quite quickly. However, given that
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