RBA To Maintain Steady Monetary Policy For A While, Lowe Says
2018年11月20日 - 1:36PM
RTTF2
The Reserve Bank of Australia would maintain a steady monetary
policy for a while, as the board expects progress on the targets
for unemployment and inflation to be gradual, RBA Governor Philip
Lowe said Tuesday.
It is appropriate to maintain the current setting of policy for
some time while progress on these goals are made, Lowe said in a
speech at the CEDA Annual Dinner in Melbourne.
The Australian economy is performing well, Lowe said, adding
that further progress is expected in lowering unemployment and
having inflation returning consistent with the target.
The probability of a rate hike is higher than the probability of
a decrease, he said.
"If the economy continues to move along the expected path, then
at some point it will be appropriate to raise interest rates," Lowe
said.
This will depend upon an improving economy and stronger growth
in household incomes, he added.
Lowe remarked that banks should be prepared to make loans on
expectations that some borrowers would be unable to pay them
back.
"Banks need to take risk and manage that risk well," he
said.
"If they become afraid to lend simply because of the
consequences of making a loan that goes bad, our economy will
suffer. So a balance needs to be struck here," he added.
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