RBA’s Lowe: global uncertainty clouding Australian outlook
Governor of RBA emphasises positives, but says global factors complicating prospects
Philip Lowe has said global trade and the actions of other central banks are making it hard to see a clear picture of the path ahead for the Australian economy.
The Reserve Bank of Australia governor said on July 2 that there had been “persistent downside risks” at the global level, particularly the “trade and technology disputes” between the US and China. Many central banks have been cutting rates or are preparing to do so.
Lowe said this was “quite a different world” from the one seen
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