Australia’s Progress Towards Inflation Target ‘Better Than Expected’ but Uncertainty Remains: RBA

Reserve Bank Governor Philip Lowe speaks during the House of Representatives Economics Committee at Parliament House in Canberra, Australia on Feb. 7, 2020. Tracey Nearmy/Getty Images

The Reserve Bank of Australia’s (RBA) governor Philip Lowe said Australia was making “better-than-expected progress” towards its inflation target, but there was still “a way to go.”

In an address to the Australian Business Economists, Lowe discussed the recent international trends in inflation and its implications on the Australian economy and the RBA’s monetary policy.