Australia central bank says scenarios for and against 2022 rate rise
10:56 pm Tuesday, February 01st, 2022
SYDNEY (Reuters) – Australia’s top central banker on Wednesday said there were economic scenarios where interest rates could rise later this year, but it was also plausible that a hike may not come for another year or more.
Answering questions after a speech on the economic outlook, Reserve Bank of Australia (RBA) Governor Philip Lowe emphasised the country had a unique opportunity to get unemployment down under 4% for the first time in 50 years and it was worth being patient on policy to achieve that.
(Reporting by Wayne Cole; Editing by Himani Sarkar)
