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r150918a_BOA
australia
2015-09-18T00:00:00
stevens
1
Members of the Committee Thank you for the opportunity to meet with you today. The Australian economy continues to progress through a major adjustment, in the midst of testing international circumstances. The terms of trade have been falling for four years and have declined by a third since their peak - though that was...
r151105a_BOA
australia
2015-11-05T00:00:00
stevens
1
Thank you for the opportunity to take part in this conference. The previous occasion on which I spoke at this event was six years ago (to the day, as it happens) in 2009. That conference carried the title 'The Road to Recovery'. The background was that we had experienced a downturn in the economy at the end of 2008, at...
r151124a_BOA
australia
2015-11-24T00:00:00
stevens
1
Thank you for the opportunity to address you this evening. You've spent all afternoon talking about the near-term outlook. No doubt there was a lively discussion and some points of debate. I would hazard a guess that most forecasts have the Australian economy continuing to expand at a moderate pace, with inflation low ...
r151202a_BOA
australia
2015-12-02T00:00:00
stevens
1
It is very good to be back in Perth. As you know, the Reserve Bank Board held its meeting here yesterday. We decided to leave the cash rate at 2 per cent. The reasoning was given with the decision, and so I don't propose to discuss that. Instead I want to reflect on the nature of the adjustments going on in the economy...
r160212a_BOA
australia
2016-02-12T00:00:00
stevens
1
Members of the Committee Since the Committee's previous meeting in September, we have continued to see evidence that economic activity outside the resources sector has been gradually improving. The pattern observed six months ago whereby business surveys were suggesting improving conditions by and large continued throu...
r160322a_BOA
australia
2016-03-22T00:00:00
stevens
1
The listed topic for this session was 'can we withstand a major global shock?' I'm going to take a few liberties with that title and re-frame it as ' do we withstand shocks?' For it is inevitable that 'shocks' will come along. One way or another the human condition is characterised by things happening that were not wel...
r160419a_BOA
australia
2016-04-19T00:00:00
stevens
1
It is good to be in New York once again. Thank you to Credit Suisse for the invitation. By way of a preface to these remarks, I note that we have all just been in Washington, D.C. for the IMF and G20 meetings. With that context, my comments today are international in focus, rather than carrying any particular message a...
r160810a_BOA
australia
2016-08-10T00:00:00
ac
0
Thank you for coming out once more to support the Anika Foundation. The Australian Business Economists and Macquarie Securities Australia have been outstanding in their help over the past 10 years. Through their generosity and yours, as well as some remarkably generous individual donations, the Foundation is in a good ...
r160922a_BOA
australia
2016-09-22T00:00:00
lowe
1
Chair and members of the Committee These hearings have become a significant part of our calendar. They are an important way through which the Reserve Bank is accountable to the public. I, myself, have been attending these hearings for more than a decade in various roles. I look forward now, in my new capacity as Govern...
r161018a_BOA
australia
2016-10-18T00:00:00
Inflation and Monetary Policy
lowe
1
I would like to thank Citi for the invitation to speak at this year's Investment Conference. I am very pleased to be here. This is my first speech as Governor of the Reserve Bank of Australia, so I would like to organise my remarks around the topic of inflation and monetary policy. Nominal interest rates around the wor...
r161115a_BOA
australia
2016-11-15T00:00:00
Buffers and Options
lowe
1
It is an honour to be able to address CEDA's Annual Dinner. It became a tradition under the previous Governor, Glenn Stevens, to speak at these dinners about prosperity: what it looks like and how Australia might continue to secure it in the uncertain world in which we live. This is a tradition that I would like to con...
r170209a_BOA
australia
2017-02-09T00:00:00
Dinner Remarks to A50 Australian Economic Forum
lowe
1
I would like to offer you all a very warm welcome to Sydney for the A50 Forum. To those of you who have travelled to our shores from afar, thank you for visiting. I am confident that you will find your investment in time a worthwhile one. In just a short period, you will hear from the leaders in the worlds of politics,...
r170222a_BOA
australia
2017-02-22T00:00:00
Australia and Canada – Shared Experiences
lowe
1
Thank you for inviting me to address this year's Australia-Canada Leadership Forum. It is a real pleasure for me to be here. The original plan for this session was to have Bank of Canada Governor, Steve Poloz, also speak. But the timing of the Bank of Canada's next regular monetary policy meeting has meant that this wa...
r170224a_BOA
australia
2017-02-24T00:00:00
lowe
1
Members of the Committee Thank you for the opportunity to appear today to explain how we see the Australian economy as well as to discuss some of the work we have been doing at the Reserve Bank. At the equivalent hearing a year ago, the tone of the global economy was pretty sombre. We had seen turbulence in Chinese fin...
r170404a_BOA
australia
2017-04-04T00:00:00
Remarks at Reserve Bank Board Dinner
lowe
1
Good evening. On behalf of the Reserve Bank Board I would like to warmly welcome you all to this dinner. We are very pleased that leaders from the worlds of politics, academia and the community sector, as well as from business, have been able to join us tonight. Having leaders join us from right across the community is...
r170427a_BOA
australia
2017-04-27T00:00:00
Renminbi Internationalisation
lowe
1
It is an honour for me to be able to speak at this Renminbi (RMB) Global Cities Dialogue. I would like to congratulate the Department of Premier and Cabinet in New South Wales and the Sydney for RMB Committee for putting this dialogue together. I would also like to offer a very warm welcome to Sydney to those of you wh...
r170504a_BOA
australia
2017-05-04T00:00:00
Household Debt, Housing Prices and Resilience
lowe
1
Thank you for the invitation to address the Queensland branch of the Economic Society of Australia. It is a pleasure to be in Brisbane again today. This afternoon I would like to talk about household debt and housing prices. This is a familiar topic and one that has attracted a lot of attention over recent times. It is...
r170726a_BOA
australia
2017-07-26T00:00:00
The Labour Market and Monetary Policy
lowe
1
In today's remarks, I would like to talk about these labour market issues in an Australian context. My remarks will be in three parts. I will first talk about trends in employment in Australia. I will then discuss recent wage outcomes. And finally, the implications for monetary policy. On a number of measures the Austr...
r170811a_BOA
australia
2017-08-11T00:00:00
lowe
1
Members of the Committee It is a pleasure to be here in Melbourne to explain our thinking on the Australian economy. My colleagues and I view this as an important part of the accountability process for the Reserve Bank. As usual, we look forward to answering your questions. Since we last met in February, the global eco...
r170905a_BOA
australia
2017-09-05T00:00:00
Remarks at Reserve Bank Board Dinner
lowe
1
Good evening. On behalf of the Reserve Bank Board I would like to warmly welcome you all to this community dinner. Thank you for your interest in the RBA and for joining us this evening. As you are probably aware the Reserve Bank Board had its monthly meeting here in Brisbane today, at our offices on I would like to ta...
r170908a_BOA
australia
2017-09-08T00:00:00
Remarks at the Bank of China Sydney Branch's 75th Anniversary Celebration Dinner
lowe
1
Acknowledgement of special guests and hosts] It is an honour to be here this evening to celebrate the 75th anniversary of the opening of the Bank of China's first branch in Australia. On behalf of the Reserve Bank of Australia, I would like to pass on our warmest congratulations. The story of how the Bank of China came...
r170921a_BOA
australia
2017-09-21T00:00:00
The Next Chapter
lowe
1
I would like to thank the American Chamber of Commerce in Australia for the invitation to speak today. It is a pleasure to be in Perth again. This lunch is being held at a time when one chapter in Australia's economic history is drawing to a close and another is about to start. A main theme in the chapter that is about...
r171121a_BOA
australia
2017-11-21T00:00:00
Some Evolving Questions
lowe
1
It is a pleasure for me to speak at the annual dinner of the Australian Business Economists. I have spoken at this dinner three times before: in 2010, 2012 and 2014. Thank you for inviting me back. When I spoke in 2012 the title of my remarks was 'What is Normal?' On that occasion, I talked about a recalibration in exp...
r171213a_BOA
australia
2017-12-13T00:00:00
An eAUD?
lowe
1
Thank you for the invitation to speak at this important summit. It is an honour for me to be able to join you. Over recent times, the payments system has evolved tremendously and AusPayNet has been at the centre of this evolution. In particular, it has played an important role in coordinating the industry's response to...
r180208a_BOA
australia
2018-02-08T00:00:00
Remarks to A50 Dinner
lowe
1
Thank you for the invitation to speak at the A50 Dinner. I would like to offer a particularly warm welcome to those of you who are visiting Australia. The A50 Forum provides a unique opportunity to hear directly from leaders in the worlds of business, politics and Australia's policy institutions. You will find us open ...
r180216a_BOA
australia
2018-02-16T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
Members of the Committee My colleagues and I welcome these opportunities to explain our thinking on the Australian economy and to answer your questions. We view it as an important part of the accountability process for the Reserve Bank. Since we last met in August, the improvement in the global economy has continued an...
r180307a_BOA
australia
2018-03-07T00:00:00
The Changing Nature of Investment
lowe
1
Thank you for the invitation to speak at this year's AFR Business Summit. It is very good to be here. The underlying question being asked at this summit is: how does Australian business prosper in today's changing world? This is an important question to be asking. A strong and prosperous business sector is central to A...
r180411a_BOA
australia
2018-04-11T00:00:00
Regional Variation in a National Economy
lowe
1
Perth - I would like to thank the Australia-Israel Chamber of Commerce for the invitation to speak at this lunch today. It is great to be back in Perth again. I look forward to learning more about how the Western Australian economy is going. Later this year, the full Reserve Bank Board will be here for our monetary pol...
r180501a_BOA
australia
2018-05-01T00:00:00
Remarks at Reserve Bank Board Dinner
lowe
1
Good evening. It is great to be back in Adelaide today. On behalf of the Reserve Bank Board, I want to warmly thank you all for joining us at this community dinner. These dinners provide an opportunity for you to hear directly from the members of the Reserve Bank Board and for us to hear from you about how things are h...
r180523a_BOA
australia
2018-05-23T00:00:00
Australia's Deepening Economic Relationship with China: Opportunities and Risks
lowe
1
Thank you very much for the invitation to address the Australia-China Relations Institute. It is an honour for me to be here with so many China experts. What happens in China is important to Australia, and to the broader global community. This is as true in the world of economics as it is in other areas. So we all have...
r180613a_BOA
australia
2018-06-13T00:00:00
Productivity, Wages and Prosperity
lowe
1
I would like to thank Australian Industry Group (Ai Group) for the invitation to speak at this lunch today. I have participated in many Ai Group events over the years and I have always valued hearing from your members, so it is a pleasure to be here in Melbourne today. The title I have chosen for my remarks this aftern...
r180808a_BOA
australia
2018-08-08T00:00:00
Demographic Change and Recent Monetary Policy
lowe
1
Address to Anika Foundation Luncheon supported by NAB and the It is a pleasure to be able to speak at the Anika Foundation lunch for a second time. As the father of three teenage children I know how important the work of the foundation is. Thank you all very much for your support. Today, I would like to talk about a lo...
r180817a_BOA
australia
2018-08-17T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
To inquire into and report on: Good morning, everyone. I declare open this hearing of the House of Representatives Standing Committee on Economics and welcome representatives of the Reserve Bank, members of the public, and the media. Since the previous hearing with the RBA, in February 2018, monetary policy has remaine...
r180821a_BOA
australia
2018-08-21T00:00:00
Remarks at the Breakfast event to launch ASIC's National Financial Capability Strategy 2018
lowe
1
I am very pleased to be here to participate in the launch of the National Financial Capability Strategy. All of us have to make choices about money every day. Do I spend, or save? If I spend, what do I buy and how do I pay for it? If I save, where should I invest; how much risk should I take? If I borrow, how much shou...
r180904a_BOA
australia
2018-09-04T00:00:00
Remarks at Reserve Bank Board Dinner with the Perth Community
lowe
1
Good evening. On behalf of the Reserve Bank Board I would like to warmly welcome you to this community dinner. It is very good to be in Perth again. The Board met this morning at our office on St Georges Terrace. This dinner is an opportunity for us to hear directly from you about how things are going in Western Austra...
r181126a_BOA
australia
2018-11-26T00:00:00
A Journey Towards a Near Cashless Payments System
lowe
1
Thank you for the opportunity to address the Australian Payment Summit. The world of payments has become increasingly exciting, so it is very good to be here today to share in that excitement. This morning I would like to speak about the shift towards electronic payments; or as the title of my remarks says, the journey...
r190206a_BOA
australia
2019-02-06T00:00:00
The Year Ahead
lowe
1
Thank you for the opportunity to address the National Press Club. It is an honour to have been invited. The media and the RBA have a special relationship. Most people in the community hear the RBA's messages through the media. You report on what we say, you filter it and you critique it. We also help you with your work...
r190222a_BOA
australia
2019-02-22T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
To inquire into and report on: I declare open this hearing of the House of Representatives Standing Committee on Economics and welcome representatives of the Reserve Bank of Australia, members of public--the few of you--and of course the media. Since the previous hearing with the Reserve Bank of Australia in August 201...
r190306a_BOA
australia
2019-03-06T00:00:00
The Housing Market and the Economy
lowe
1
Thank you for the invitation to address this year's AFR Business Summit. It is good to be back here again. As you would be aware, the Reserve Bank Board met yesterday and left the cash rate unchanged at 1.5 per cent. I would like to use this opportunity to highlight some of the issues we discussed at the meeting. Befor...
r190521a_BOA
australia
2019-05-21T00:00:00
The Economic Outlook and Monetary Policy
lowe
1
Thank you for the invitation to speak to the Economic Society of Australia. It is very good to be back here in Brisbane today. I would like to begin by providing an update on recent developments in the global and Australian economies. I will then discuss how our thinking on the appropriate stance of monetary policy has...
r190604a_BOA
australia
2019-06-04T00:00:00
Today's Reduction in the Cash Rate
lowe
1
On behalf of the Reserve Bank Board, I would like to warmly welcome you to this community dinner. Thank you for joining us this evening. We value this opportunity to hear firsthand from you about the challenges and opportunities you face. I would also like to take advantage of the timing of this dinner to explain today...
r190620a_BOA
australia
2019-06-20T00:00:00
The Labour Market and Spare Capacity
lowe
1
I would like to thank CEDA for the invitation to address this lunch. It is a great pleasure to be back in Adelaide and to participate in another CEDA event. Those of you who follow the RBA closely would have noticed frequent references to the labour market in our recent communication. Today, I would like to explain why...
r190702a_BOA
australia
2019-07-02T00:00:00
Remarks at Darwin Community Dinner
lowe
1
Good evening. A very warm welcome to this community dinner with the Reserve Bank Board and senior staff. This morning the Board held its monthly meeting here in Darwin. We were very kindly hosted at the Northern Territory Parliament building. The last time the Board met in Darwin was more than 50 years ago. I am sure t...
r190725a_BOA
australia
2019-07-25T00:00:00
Inflation Targeting and Economic Welfare
lowe
1
It is a great pleasure to address the Anika Foundation lunch for the third time. I would like to start by winding the clock back, not by three years, but instead by 40 years. It was 40 years ago that I started studying economics in high school in Wagga Wagga. I sat the 3 unit economics exam for the Higher School Certif...
r190809a_BOA
australia
2019-08-09T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
To inquire into and report on: Good morning everybody. I declare open this hearing of the House of Representatives Standing Committee on Economics and welcome representatives of the Reserve Bank of Australia here this morning, as well as members of the public and the media--and we have both. Since the RBA appeared befo...
r190924a_BOA
australia
2019-09-24T00:00:00
An Economic Update
lowe
1
I would like to thank the Armidale Business Chamber for the invitation to speak this evening. I grew up in regional New South Wales - in Cootamundra and Wagga Wagga - so it is a treat for me to have been invited to speak in another great regional city. Thank you. Tonight, I would like to provide you with an economic up...
r191001a_BOA
australia
2019-10-01T00:00:00
Remarks at Reserve Bank Board Dinner
lowe
1
Good evening. On behalf of the Reserve Bank Board I would like to thank you for joining us at this community dinner. The Board held its monthly meeting here in Melbourne today. This was the first meeting that we have held in our new offices on Collins Street after last year selling our building on the corner of Collins...
r191029a_BOA
australia
2019-10-29T00:00:00
Some Echoes of Melville
lowe
1
Thank you for the invitation to deliver this year's Sir Leslie Melville lecture. When Ian Macfarlane delivered the inaugural lecture in this series in 2002, he said: 'any objective assessment of achievements would place Sir Leslie among the most distinguished Australians of the past century'. It is a great privilege fo...
r191126a_BOA
australia
2019-11-26T00:00:00
Unconventional Monetary Policy: Some Lessons From Overseas
lowe
1
Thank you for the invitation to address this year's Annual Dinner of the Australian Business Economists. This is the fifth time I have had the privilege of joining you. Thank you for having me back. One recurring theme of my talks over the years has been the likelihood that interest rates will remain low for an extende...
r191210a_BOA
australia
2019-12-10T00:00:00
A Payments System for the Digital Economy
lowe
1
Thank you for the invitation to address this year's Australian Payments Network Summit. This summit has become an important fixture on the Australian payments calendar and this is the third time I have had the privilege of joining you. A recurring theme across these summits has been the need to improve customer outcome...
r200205a_BOA
australia
2020-02-05T00:00:00
The Year Ahead
lowe
1
Thank you for inviting me back to address the National Press Club. It is an honour to be here again. At this lunch a year ago, I spoke about the year ahead. I would like to do the same again today. Twelve months ago, I reminded you that we do not have a crystal ball that can be used to see the future with certainty. Si...
r200207a_BOA
australia
2020-02-07T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
Good morning Chair and members of the Committee. These hearings are a central part of the accountability process for the Reserve Bank of Australia. As usual, my colleagues and I will do our best to answer your questions and to explain how we are discharging our important responsibilities on behalf of the Australian com...
r200319a_BOA
australia
2020-03-19T00:00:00
Responding to the Economic and Financial Impact of COVID-19
lowe
1
Good afternoon. The Reserve Bank Board met yesterday and decided on a comprehensive package to help support jobs, incomes and businesses as the Australian economy deals with the coronavirus. I would like to use this opportunity to explain this package and to answer your questions. We are clearly living in extraordinary...
r200421a_BOA
australia
2020-04-21T00:00:00
An Economic and Financial Update
lowe
1
Good afternoon and thank you for joining us today. When I spoke a few weeks ago, I talked about the importance of building a bridge to the recovery and helping as many people and businesses as possible get across that bridge. Over the past month, the scale of that national bridge-building task has grown in size - as ou...
r200521a_BOA
australia
2020-05-21T00:00:00
Remarks to FINSIA Forum
lowe
1
I would like to thank FINSIA for putting this event together. Thank you also for your work in raising professional standards in Australia's financial sector. This work is helping restore trust in our financial institutions, as is the effort by the institutions themselves to support the national effort to overcome As th...
r200528a_BOA
australia
2020-05-28T00:00:00
Opening Statement to the Senate Select Committee on COVID-19
lowe
1
Good morning and thank you for the invitation to appear before this Committee. The past three months have been extraordinary ones in the life of our nation and there has been an unprecedented policy response. On the economic front, there has been very close coordination between monetary and fiscal policy, as there shou...
r200721a_BOA
australia
2020-07-21T00:00:00
COVID-19, the Labour Market and Public Sector Balance Sheets
lowe
1
I would like to thank you for your support of the Anika Foundation. The pandemic that we are all living through is traumatic for our entire community. Young people are no exception, with many anxious about their future job prospects and suffering from a loss of social connectivity. This means that the work of the Found...
r200814a_BOA
australia
2020-08-14T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
Much has changed in the world since we last met in February. We have experienced a global pandemic, the biggest peacetime contraction in the Australian economy in nearly a hundred years and extraordinary monetary and fiscal policy measures. This all means that many of the challenges we face today were hardly imaginable...
r201015a_BOA
australia
2020-10-15T00:00:00
The Recovery from a Very Uneven Recession
lowe
1
It is a great pleasure to be able to join you today. It is especially good to be able to join you in person, rather than over the internet. This is the first time since February that I have been able to speak to a room of people. I hope this is another sign that the worst is behind us and that a recovery is under way. ...
r201103a_BOA
australia
2020-11-03T00:00:00
Today's Monetary Policy Decision
lowe
1
Good afternoon. The Reserve Bank Board met this morning. It decided on a package of further measures to support the Australian economy as it recovers from COVID-19. Given the significance of this package, I wanted to explain in person what we are doing and why we are doing it and to answer your questions. At its core, ...
r201116a_BOA
australia
2020-11-16T00:00:00
COVID, Our Changing Economy and Monetary Policy
lowe
1
Thank you very much for the invitation to speak at CEDA's annual dinner. After so many webinars and Zoom meetings, it is great to be able to be here in person. 2020 has been a year like no other and one we will never forget - a global pandemic, the closure of our borders, the biggest economic downturn in nearly a centu...
r201202a_BOA
australia
2020-12-02T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
We welcome the opportunity for this additional hearing of the House Economics Committee. A lot has happened since the previous hearing, including further significant policy measures by the RBA. This morning, I would like to explain why we took these additional measures and how they will help the recovery. To provide so...
r201207a_BOA
australia
2020-12-07T00:00:00
Innovation and Regulation in the Australian Payments System
lowe
1
Thank you for the invitation to join you today. It is very good to see the tradition of AusPayNet's annual summit continue, even if it is taking a different form this year. As we all know, the world of payments has become an area of excitement: it brings together two things that people have a fascination with - money a...
r210203a_BOA
australia
2021-02-03T00:00:00
The Year Ahead
lowe
1
Thank you for the invitation to address the National Press Club. This is the third time I have had the privilege of doing so, but it is the first time here in Canberra. The world has changed tremendously since my previous address in February last year: a pandemic, the biggest contraction in output in generations, the c...
r210205a_BOA
australia
2021-02-05T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
Members of the Committee My colleagues and I welcome this opportunity to once again appear before this Committee. Given the special hearing that was held in December, I thought it would be most useful to focus my introductory remarks on our updated economic outlook and the conclusions of the Reserve Bank Board meeting ...
r210310a_BOA
australia
2021-03-10T00:00:00
The Recovery, Investment and Monetary Policy
lowe
1
Thank you for the invitation to participate in this year's AFR Business Summit and it is great to be here in person. I would like to begin by congratulating the AFR on its 70th anniversary - that is quite an achievement in an industry with so much change. I look forward to many more years of business and finance report...
r210315a_BOA
australia
2021-03-15T00:00:00
Opening Remarks
lowe
1
Good morning and welcome to this year's Business Analytics Conference. I am very pleased to be able to join you, not least because of the theme of this year's conference: Driving Recovery and Growth through Data Analytics. This theme brings together 2 issues that are very close to my heart - the recovery of the Austral...
r210617a_BOA
australia
2021-06-17T00:00:00
From Recovery to Expansion
lowe
1
Thank you for the invitation to join the Australian Farm Institute's conference. It is a great pleasure for me to visit Toowoomba and to learn more about the issues facing the farm sector and regional As we all know, the past year has been an extremely challenging one in the life of our nation. But as a country we pull...
r210706a_BOA
australia
2021-07-06T00:00:00
Today's Monetary Policy Decision
lowe
1
Good afternoon and welcome to today's briefing. The Reserve Bank Board met this morning by videoconference. At that meeting, we agreed on policy measures that will provide ongoing and important support to the Australian economy as it continues its recovery. In particular we decided to: retain the April 2024 bond as the...
r210708a_BOA
australia
2021-07-08T00:00:00
The Labour Market and Monetary Policy
lowe
1
I would like to thank the Economic Society of Queensland for the invitation to speak today. I was looking forward to my first trip to Brisbane in 18 months, but given the current lockdowns that will have to wait for another day. When I spoke at this lunch 2 years ago, I talked about the accumulation of evidence that Au...
r210806a_BOA
australia
2021-08-06T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
Good morning. Thank you for arranging this hearing via videoconference. These hearings are an important part of the accountability process for the RBA and my colleagues and I welcome this opportunity to explain our thinking and answer your questions. Later this morning, the RBA will be releasing our quarterly Statement...
r210914a_BOA
australia
2021-09-14T00:00:00
Delta, the Economy and Monetary Policy
lowe
1
Thank you for joining us today to support the Anika Foundation. This afternoon, I would like to talk about the implications of the pandemic for the economy and for monetary policy. But before I do that, I want to acknowledge the impact of the pandemic on young people. The past 18 months have been very difficult for you...
r211022a_BOA
australia
2021-10-22T00:00:00
Universidad De Chile Conference on Central Bank Independence, Mandates and Policies
lowe
1
Thank you for your invitation to participate in this conference. You are addressing important issues and I appreciate the opportunity to share Australia's experience with you. At the outset, I want to acknowledge that there is no single right answer to the issues that are being discussed in this session: central bank m...
r211102a_BOA
australia
2021-11-02T00:00:00
Today's Monetary Policy Decision
lowe
1
Good afternoon and thank you for joining this webinar. The Reserve Bank Board met this morning. At our meeting we agreed to: 1. maintain the target for the cash rate at 10 basis points 2. continue to purchase government bonds at the rate of $4 billion per week until mid February 2022, with a further review to be undert...
r211116a_BOA
australia
2021-11-16T00:00:00
Recent Trends in Inflation
lowe
1
Thank you for the invitation to speak to the Australian Business Economists again. I am glad to have this opportunity to gather together with some of you in person, rather than just speak to my computer camera. Today, I would like to focus on recent trends in inflation - both here and overseas. I will then discuss the ...
r211209a_BOA
australia
2021-12-09T00:00:00
Payments: The Future?
lowe
1
Thank you for the invitation to speak at AusPayNet's annual Summit. This is the fifth time I have had the privilege of doing so. Each time, the world of payments has seemed more exciting and dynamic than it was a year earlier. No longer do people talk about payments as being the plumbing of the financial system. Instea...
r211216a_BOA
australia
2021-12-16T00:00:00
The RBA and the Australian Economy
lowe
1
I would like to thank the CPA for inviting me to your Riverina Forum. It is a great pleasure for me to be able to join you here in Wagga Wagga, where I grew up. I had the good fortune of attending Sacred Heart Primary School in Kooringal, St Michael's and then Trinity Senior High School. It was at Trinity, though, wher...
r220202a_BOA
australia
2022-02-02T00:00:00
The Year Ahead
lowe
1
This is the fourth time that I have addressed the National Press Club. Thank you for having me back. As I've done on each of the three previous occasions, I have titled my remarks 'The Year Ahead'. I will talk about our latest forecasts, the outlook for monetary policy and yesterday's decision by the Reserve Bank Board...
r220211a_BOA
australia
2022-02-11T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
Members of the Committee Good morning. My colleagues and I look forward to the day where we can return to in-person hearings. We hope that will be for the next hearing. I would like to focus my introductory remarks today on three issues: the economic recovery; the outlook for inflation; and the RBA's monetary policy de...
r220309a_BOA
australia
2022-03-09T00:00:00
Recent Economic Developments
lowe
1
Thank you for the invitation to participate in this year's AFR Business Summit. It is very good to be with you again. I would like to cover four issues today: 1. The resilience of the Australian economy and some of the major uncertainties, including the invasion of Ukraine by Russia. 2. The journey towards full employm...
r220621a_BOA
australia
2022-06-21T00:00:00
Inflation and Monetary Policy
lowe
1
I would like to thank AMCHAM for the invitation to speak today. It is a pleasure to be here. It is a challenging time in the global economy. Most countries, including the United States and Australia, are experiencing the highest rates of inflation for many years. The tragic events in Ukraine have led to sharp increases...
r220908a_BOA
australia
2022-09-08T00:00:00
Inflation and the Monetary Policy Framework
lowe
1
I would like to begin by thanking everybody who is attending today in support of the Anika Foundation. It's been a hard time for young people over the past couple of years, so the Foundation's work supporting young Australians is more important than ever. Thank you for your support. Last year, this event was held onlin...
r220916a_BOA
australia
2022-09-16T00:00:00
Opening Statement to the House of Representatives Standing Committee on Economics
lowe
1
Inflation is then expected to start declining, to be back around 3 per cent late in 2024. Global factors explain much of this increase in inflation. Russia's invasion of Ukraine resulted in major disruptions to energy markets, increasing retail energy prices around the world. And COVID-related interruptions to global p...
r221101a_BOA
australia
2022-11-01T00:00:00
Remarks at the Reserve Bank Board Dinner
lowe
1
Good evening. On behalf of the Reserve Bank Board, I would like to warmly welcome you to this community dinner. This is the first time the Board has met outside Sydney since October 2019. We are delighted that we are able to do so in this beautiful and historic city of Hobart. It's a great pleasure to be back here. Tha...
r970530a_BOC
canada
1997-05-30T00:00:00
Flexible Exchange Rates in a World of Low Inflation
thiessen
1
There is a good deal of discussion these days about Economic and Monetary Union (EMU) in Europe--about the benefits and difficulties of organizing such a union. However, today I would like to examine a somewhat different issue, one that is at the other end of the spectrum; namely, How is the international system of fle...
r970618a_BOC
canada
1997-06-18T00:00:00
The Canadian economy: Challenges and prospects
thiessen
1
Once a year, the Bank of Canada's Board of Directors meets outside Ottawa, alternating among the provinces. I am delighted that this year's out-of-town meeting has brought us to the beautiful and historic city of Quebec. I would like to take this opportunity to talk to you about recent developments in our economy. But ...
r970916a_BOC
canada
1997-09-16T00:00:00
The recent economic record in Canada and the challenges ahead for monetary policy
thiessen
1
It has been a little over two years since my last public speech to an audience in the United States. During this time, a lot has happened in terms of economic developments in our two countries. One thing that continues to impress me is the remarkable performance of the U.S. economy, which has achieved six years of stea...
r971007a_BOC
canada
1997-10-07T00:00:00
Challenges ahead for monetary policy
thiessen
1
Today, I would like to talk about some of the important issues and challenges facing monetary policy in the period ahead and how the Bank of Canada proposes to deal with them. This is not an unusual topic for me since the business of central banking is seldom without challenges. But what a difference the past two years...
r971201a_BOC
canada
1997-12-01T00:00:00
What can monetary policy do to help the economy reach its full potential?
thiessen
1
Today, we meet against a backdrop of some uncertainty in the international economy. I would like to begin my remarks with an assessment of what the recent financial and economic events in Asia could mean for Canada. The nervousness and uncertainty that spread around the world in the wake of the problems in Southeast As...
r980205a_BOC
canada
1998-02-05T00:00:00
International developments and the prospects for the Canadian economy
thiessen
1
World economic activity had strengthened and was expected to accelerate further, with the benefit of low inflation, reduced fiscal imbalances, and stable or declining interest rates. In Canada too, output and employment growth had picked up. And the economy was expected to gain momentum in 1997, supported by strong U.S...
r980325a_BOC
canada
1998-03-25T00:00:00
The Future Performance of the Canadian Economy
thiessen
1
Governor of the Bank of Canada to the Canadian Club of Winnipeg It can take anywhere from one to two years for monetary actions to have their full effect on the economy. Because of this, the conduct of monetary policy must be based on a view of what the economy will be like -- not tomorrow, not in a month -but rather ...
r980423a_BOC
canada
1998-04-23T00:00:00
Opening Statement before the Standing Senate Committee on Banking, Trade and Commerce
thiessen
1
Governor of the Bank of Canada before the Standing Senate Committee on My colleagues and I look forward to our yearly appearance before your committee because it gives us an opportunity to present an account of how the Bank has worked to fulfil its objectives over the past year. It is also an opportunity for a discussi...
r980513a_BOC
canada
1998-05-13T00:00:00
Release of the Monetary Policy Report
thiessen
1
This morning we released our seventh Monetary Policy Report. Since the release of our last Report in November, there have been an unusual number of international and domestic developments which have had important economic and financial consequences. Among the most important events have been the crisis in Asia, declines...
r980527a_BOC
canada
1998-05-27T00:00:00
Globalized Financial Markets and Monetary Policy
thiessen
1
Governor of the Bank of Canada to Globalization -- that is, the growing integration and interdependence of national economies -- is changing dramatically the economic landscape. Countries are trading more goods and services, an increasing number of firms now operate across national borders, and savers and borrowers ha...
r980528a_BOC
canada
1998-05-28T00:00:00
Opening Statement before the House of Commons Standing Committee on Finance
thiessen
1
Governor of the Bank of Canada before the House of Commons Mr. Chairman, my colleagues and I are pleased to appear before your committee on a regular basis following the release of the Bank of Canada's . It gives us a chance to discuss with you a range of economic and monetary issues. More generally, our semi-annual Re...
r980611a_BOC
canada
1998-06-11T00:00:00
The outlook for the Canadian economy and monetary policy
bonin
0
The outlook for the Canadian economy and monetary policy In mid-May we published our semi-annual on monetary policy, covering data up to April 24 . That means we now have new data available for the last two months. Furthermore, our report also pointed to a much greater-than-usual degree of uncertainty about the outlook...
r980923a_BOC
canada
1998-09-23T00:00:00
Global uncertainties and the Canadian economy
thiessen
1
Governor of the Bank of Canada Global uncertainties and the Canadian economy I am delighted to have been invited to speak to the Board of Trade on this occasion when the Bank of Canada's Board of Directors is meeting here in St. John's. This past year, we have had to deal with the implications for our economy and our ...
r981015a_BOC
canada
1998-10-15T00:00:00
The Canadian Experience with Targets for Inflation Control
thiessen
1
Broad assessments of the experience to date with inflation targeting in industrial countries can be found in Almeida and Goodhart (1998) and Bernanke et al. (1998). Individual country experiences can be found in Leiderman and Svensson (1995). For an assessment of the potential advantages and disadvantages of inflation ...
r981027a_BOC
canada
1998-10-27T00:00:00
Opening Statement before the House of Commons Standing Committee on Finance
thiessen
1
Governor of the Bank of Canada before the House of Commons Mr. Chairman, I am pleased to appear before you today as part of your study of Perhaps it might be helpful if I were to start by clarifying the Bank of Canada's role in this area. The Bank has no formal responsibility for the development of financial legislatio...
r981116a_BOC
canada
1998-11-16T00:00:00
Release of the Monetary Policy Report
thiessen
1
This morning we released our eighth Monetary Policy Report. The period since our last report has certainly been an eventful one from a monetary policy perspective. During the past six months, global economic uncertainties intensified, particularly following Russia's decision in August to declare a debt moratorium. Many...