Australian central bank may cut rates again – governor
Looser policy may be needed to lower unemployment and boost income, Philip Lowe says
Australia’s central bank may cut policy rates further this year, to allow the Australian economy to “do better”, said governor Philip Lowe.
In a speech in Adelaide on June 20, Lowe stressed “most indicators suggest there is still a fair degree of spare capacity in the economy”. As a result, “the possibility of lower interest rates remains on the table”, the governor added.
On June 5, the central bank made its first policy rate cut since August 2016, reducing the cash rate by 25 basis points to
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