[New post] Lowe: we are on way to taming inflation

roymorgansocial posted: "Original article by Patrick Commins The Australian - Page: 1 & 4 : 2-Aug-23 Treasurer Jim Chalmers says the Reserve Bank of Australia's decision to leave the cash rate unchanged at 4.1 per cent on Tuesday will be a "welcome reprieve" for pe" ABIX Lowe: we are on way to taming inflation roymorgansocial Aug 2 Original article by Patrick Commins The Australian - Page: 1 & 4 : 2-Aug-23 Treasurer Jim Chalmers says the Reserve Bank of Australia's decision to leave the cash rate unchanged at 4.1 per cent on Tuesday will be a "welcome reprieve" for people who are "doing it tough". He adds that while inflation is falling, it is still too high. RBA governor Philip Lowe has also acknowledged that consumer price growth remains too high, but says the recent data is consistent with inflation returning to the target range of 2-3 per cent over time. Lowe adds that a second successive pause will give the RBA more time to assess the impact of the rate rises to date, as well as the economic outlook. CORPORATES AUSTRALIA. DEPT OF THE TREASURY, RESERVE BANK OF AUSTRALIA Comment You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from ABIX. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://abix.com.au/2023/08/02/lowe-we-are-on-way-to-taming-inflation/

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