Reserve Bank of Australia Governor Philip Lowe said the conditions required to lift the key cash rate would not be met before 2024 and market expectations for an early rate hike is out of place. In a speech to the Anika Foundation in Sydney on Tuesday, Lowe said "I find it difficult to understand why rate rises are being priced in next year or early 2023." "While policy rates might be increased in...
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.