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RBA Governor Philip Lowe delivers the keynote address during the Australian Banking Association Banking 2022 banking conference at the Hyatt Regency in Sydney, Australia, on March 11, 2022. AAP Image/Dan Himbrechts
The governor of the Reserve Bank of Australia (RBA), Phillip Lowe, doesn’t believe a global coordinated financial response to the Ukraine conflict is required.
Lowe said that while central banks worked closely together during the Global Financial Crisis, the current situation was entirely different.