Economics
RBA Chief Sees Australia Economy Picking Up, Fails to Signal Imminent Cut
- Central bank ‘will again take stock of the evidence’ next week
- Strength and durability of turning point ‘remains to be seen’
Philip Lowe
Photographer: Mark Graham/BloombergThis article is for subscribers only.
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Reserve Bank chief Philip Lowe said Australia’s economy is at a “gentle turning point” and reiterated he’s prepared to cut interest rates if needed to support the recovery, while stopping short of flagging the imminent move markets and some economists were factoring in for next week.