RBA Lowe: Australia and the World

From rba.gov.au

Thank you very much for the invitation to join you tonight. It is a pleasure to be here. This evening I would like to talk about some developments in the international economy and their implications for Australia. Clearly, this is not a new topic. Developments abroad have long had a profound impact on the Australian economy and financial markets, and, no doubt, they will continue to do so. But the unusual nature of recent developments, particularly in the advanced economies, is changing the way in which global outcomes affect Australia. I would like to spend some time this evening talking about these changes. It is ... (full story)