Lowe: Remarks at the Reserve Bank Board Dinner

From rba.gov.au

Good evening. On behalf of the Reserve Bank Board, I would like to warmly welcome you to this community dinner. The pandemic meant that the Board was unable to meet in Perth for some time, but it is very good to be back in your beautiful city. Thank you very much for joining us tonight. The Board met this morning at our offices on St Georges Terrace. You will have already heard that we decided to increase the cash rate by a further ¼ of a percentage point to 3.85 per cent. I would like to use this opportunity to explain why we made this decision. The Board’s central objective is to return inflation to the 2–3 ... (full story)