• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Australia’s RBA optimistic on economy, but rates to stay low until 2024

September 14, 2021 by David Barret Leave a Comment

September 14, 2021

SYDNEY (Reuters) – Australia’s top central banker said on Tuesday coronavirus lockdowns would cause a sharp contraction in the economy this quarter but was confident activity would rebound quickly once restrictions were eased in the December quarter.

In a speech, Reserve Bank of Australia (RBA) Governor Philip Lowe also reiterated that interest rates were not expected to rise from record lows until 2024 given the persistently sluggish growth of wages.

Indeed, Lowe took issue with market pricing for rate hikes in late 2022 and 2023.

“These expectations are difficult to reconcile with the picture I just outlined and I find it difficult to understand why rate rises are being priced in next year or early 2023,” Lowe said after noting the considerable inertia in wages in Australia.

“While policy rates might be increased in other countries over this timeframe, our wage and inflation experience is quite different.”

(Reporting by Wayne Cole; Editing by Ana Nicolaci da Costa)

Source Link Australia’s RBA optimistic on economy, but rates to stay low until 2024

David Barret
David Barret

Related posts:

  1. First trailer for Netflix’s Red Notice crams in massive star power and big action
  2. U.S. has no plans to release billions in Afghan assets, Treasury says
  3. Exclusive-Ericsson CEO to double down on China as 5G tussle rumbles on
  4. Cricket-Pope and Bairstow rebuild England innings after Yadav blows

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • A Bloated Volcano On The West Coast Is Set To Erupt In 2025 – And It’s Being Livestreamed Now
  • Gluten-Free By Necessity: Busting 5 Myths And Misconceptions About Celiac Disease
  • Watch Live Today As Private Resilience Spacecraft Lands In “Cold Sea” Region Of The Moon
  • Myth Vs. Medicine: The Truth About Nature’s Healing Power
  • Dead Sea Scrolls May Have Been Written By Original Authors Of The Bible
  • The World’s Oldest-Ever Cat Lived On A Delicious-Sounding Diet – Including Wine
  • Next Megatsunami May Sink Parts Of The Pacific Northwest Coast By Up To 2 Meters
  • Magnetic Curtains As Wide As A City Seen On The Sun In Unexpected Findings
  • The Colorado River Basin Has Lost Enough Groundwater Alone To Fill Lake Mead
  • Ping-Pong Sponges, Dragonfish, And Snailfish Eggs Delight Scientists Exploring The Planet’s Most Remote Trenches
  • Morenci Mine, The Largest Copper Mine In US, Is A Sight To Behold
  • The Standard Model Saved Once More Thanks To The Most Precise Muon Measurement
  • New Study Rules Out Popular Version Of The Simulation Hypothesis
  • What Is Trump’s “Gold Standard Science” Actually About?
  • Suspect Accused Of Fowl Play In Scrubbed Australian Rocket Launch Is Innocent
  • Two Yangtze Finless Porpoises Have Been Returned To The Wild For First Time In China
  • Sun Filtered By Dust In Florida As Haboob The Size Of 48 States Approaches The US
  • What Is The Alaska Triangle?
  • “Egyptian Blue” Was A Color Lost To History. Finally, We Can Make It Again
  • Satellite Image Shows A Human Head Peering Out Of The Landscape In Canada
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version