From Breakingviews: Philip Lowe’s Reserve Bank of Australia has raised rates less than the U.S. Fed. But soaring mortgage costs, and silly gaffes, have put him on the spot. Forcing him out would be an easy, if unfair, political win, says AntonyMCurrie
He also insisted in 2021 there had been “a complete overreaction to the recent inflation data.” Lowe’s comments were made before Russia’s invasion of Ukraine supercharged prices and were in step with Powell’s view that inflation was temporary.
With more rate rises likely and just seven months left on his first term, calls for the RBA governor to go will grow louder; on Wednesday he told lawmakers he has no intention of quitting. It would be unfair for Lowe to be the fall guy for central banks’ general inflation failure. But he may also not be the last to go.Philip Lowe, governor of the Reserve Bank of Australia, said on Feb. 15 that inflation in the country remains “way too high” even after nine interest-rate increases since last May.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
AUD/USD stays below 0.7000 as RBA’s Lowe fails to copy hawkish Fed signalsAUD/USD holds lower ground near 0.6980 after Reserve Bank of Australia (RBA) Governor Philip Lowe’s Testimony during the mid-Asian session on Wednesda
Leer más »
AUD/USD Price Analysis: Sellers snap two-day uptrend as 21-DMA resistance reignsAUD/USD Price Analysis: Sellers snap two-day uptrend as 21-DMA resistance reigns AUDUSD Technical Analysis SwingTrading ChartPatterns SupportResistance
Leer más »
Forex Today: The US Federal Reserve will keep raising ratesWhat you need to take care of on Wednesday, February 15: Financial markets traded with an optimistic yet cautious tone throughout the first half of th
Leer más »
RBA Lowe: Inflation is way too high, needs to come downThe Reserve Bank of Australia's governor Philip Lowe said inflation is way too high and that it needs to come down. More to come..
Leer más »
How will US Consumer Price Index impact Federal Reserve monetary policy?United States Consumer Price Index (CPI) data release for January, published by the US Bureau of Labor Statistics (BLS), will be out on Tuesday, Febru
Leer más »
Oil prices fall on U.S. crude reserve releaseOil prices fell on Tuesday after the U.S. government said it would release more crude from its Strategic Petroleum Reserve (SPR) as mandated by lawmakers, defying expectations from some traders that the release could be cancelled or delayed.
Leer más »