FILE PHOTO: People are silhouetted against the Sydney Opera House at sunset in Australia, November 2, 2016. REUTERS/Steven Saphore/File Photo
February 2, 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)
Source: One America News Network
