RBA’s Lowe: we are not ‘inflation nutters’
Philip Lowe underscores central bank’s “balanced” approach to inflation in first appearance as governor
The new governor of the Reserve Bank of Australia (RBA), Philip Lowe, has said that when it comes to managing monetary policy, the central bank is not focused on keeping inflation strictly within a narrow corridor.
In his first appearance since taking over from Glenn Stevens on Sunday, the new governor told a parliamentary standing committee the RBA's policy-makers are not "what some have called 'inflation nutters'": "We have had a more balanced perspective, recognising that some degree of
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