Reserve Bank of Australia Governor Philip Lowe said the bank is prepared to remain patient before it raises its key interest rate as policymakers monitor the evolution of various factors affecting inflation.
The board will not increase the cash rate until inflation is sustainably within the 2 to 3 percent range and it is too early to conclude that inflation is sustainably in the target range, Lowe said at the National Press Club of Australia on Wednesday.
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Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.