UPDATE 1-Australia c.bank emphasises lower-for-longer rate view
By Reuters Staff (Adds Lowe’s comment, details) SYDNEY, March 15 (Reuters) - Australia’s central bank is doing what it can to support the economic recovery from the coronavirus pandemic and will maintain policy settings until it meets its employment and inflation goals, Governor Philip Lowe said on Monday. Australia has been one of the world’s success stories in its handling of the pandemic and has quickly emerged from its first recession in three decades with annual economic output already near striking distance of pre-pandemic levels. The number of people in jobs has also almost retur...
Source: reuters.com