RBA’s Lowe wary of structural adjustment in global interest rates
Australian deputy governor expects rates on offer to savers to pick up
Reserve Bank of Australia deputy governor Philip Lowe today (May 18) highlighted the possibility that returns on offer to savers will remain depressed "for a protracted period" in his remarks at the Corporate Finance Forum in Sydney.
Lowe expects confidence to lift and businesses to once again compete for the pool of savings to fund investment, which will then push up rates offered to savers. But there is no guarantee rates will return to previous levels, as there could be a structural element
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