Pick-up in inflation to take ‘a little longer’ than expected – RBA’s Lowe
Inflation expected to reach 2.25% in 2020
Inflation is likely to take “a little longer” to shows signs of improvement than had previously been expected, according to Philip Lowe, the governor of the Reserve Bank of Australia.
“Over 2018, CPI inflation was 1.8% and in underlying terms inflation was 1.75%,” he said today (February 5), on presenting the central bank’s monetary policy decision.
“Underlying inflation is expected to pick up over the next couple of years, with the pick-up likely to be gradual and to take a little longer than
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