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Sat Aug 10

RBA update: Governor Lowe points to even lower rates

Written by Peter Martin., Visiting Fellow, Crawford School of Public Policy, Australian National University

Reserve Bank Governor Philip Lowe has said two things about unemployment in the past few weeks. Together, they lead to an inescapable conclusion.

The first was in a speech in May, expanded on in a speech in June. At both times the published unemployment rate was 5.2%.

Lowe said in May that while the Reserve Bank had long thought an unemployment...

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