RBA’s Lowe: Deadly serious about getting inflation back to target

Dhwani Mehta FXStreet

Reserve Bank of Australia (RBA) Governor Philip Lowe is speaking on "The Reserve Bank Review and Monetary Policy" at the Economic Society of Australia Business Lunch, in Brisbane.

Also read: RBA’s Lowe: Possible some further tightening will be required to return inflation to target

Key quotes

Deadly serious about getting inflation back to target.

Would be honoured to continue as governor if asked.

Confident that higher interest rates are working.

Have open mind on whether have to tighten more.

Market reaction

AUD/USD was last seen trading at 0.6723, adding 0.58% on a daily basis.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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