Philip Lowe

Philip Lowe News

  • Builders Supplant China Driving Growth as RBA Cuts Work

    Daniel Klinge is helping Australia shrug off a slowdown in its biggest trading partner China.

  • Lowe Says Aging Workers, Slow Productivity Risks Growth Outlook

    Increased risk aversion among aging Australians and weaker productivity growth could see living standards rise more slowly in the future, central bank Deputy Governor Philip Lowe said.

  • INSIDE AUSTRALIA: Aussie Dollar Holds 3-Day Drop on China Slump

    Australia’s dollar held a three-day drop on concern China’s economy is slowing and more onshore bond defaults will follow Shanghai Chaori Solar Energy Science & Technology Co. *AUD/USD was little changed at 89.68 U.S. cents as of 10:03 am in Sydney from 89.77 yday, having fallen 1.4% since March 6; pivot 89.96, resistance 90.31, 90.85, 91.74; support 89.42, 89.07, 88.18 *AUD/USD 1-mo. implied volatility rises 2bps to 9.45%; past year avg 9.92% *Westpac Banking Corp. and the Melbourne Institute’s index of Australian consumer sentiment for March due at 10:30am in Sydney (100.2 in Feb.); Australia’s home loans for Jan. est. +0.5% MoM (-1.9% in Dec.); Reserve Bank of Australia Deputy Governor Philip Lowe speaks in Sydney at 6 pm *Australia’s 1-yr qtrly swap little changed at 2.658% *Australia’s 10y yield holds at 4.18% *Chaori Solar failed to pay full interest on bonds, becoming first default on local publicly traded bond mkt

  • RBA’s Lowe Says Productivity Gains Needed to Boost Incomes

    Australian businesses need to boost efficiency to maintain growth in living standards and could use engineers freed up from mining construction to build more infrastructure, central bank Deputy Governor Philip Lowe said.

  • Lowe Says RBA’s Rate Cuts Helping Lift Demand, Sees QE ‘Working’

    Australia’s interest-rate cuts are showing signs of boosting demand as looser monetary policy abroad helps keep the nation’s currency elevated, Reserve Bank Deputy Governor Philip Lowe said.

  • RBA’s Lowe Calls Australian Dollar ‘Uncomfortably High’

    Australia’s exchange rate is “uncomfortably high” and business confidence subdued, breaking with past experience during interest-rate reductions, Reserve Bank Deputy Governor Philip Lowe said.

  • RBA’s Lowe Says Strong Currency, High Savings Stabilize Economy

    Reserve Bank of Australia Deputy Governor Philip Lowe said a stronger currency and higher savings rate have helped contain inflation and allowed lower interest rates even as the mining industry boomed.

  • RBA’s Lowe Says Low Rates, Weaker Currency to Help Revive Growth

    Australia’s record-low interest rates, weaker currency and improving sentiment should help revive growth in industries outside resources, central bank Deputy Governor Philip Lowe said.

  • Reserve Bank's Lowe Says Australia Needs to Maintain Fiscal Tightening

    Australia’s government needs to stick to its goal of bringing the budget into surplus over the next three years or risk increasing pressure on inflation, central bank Assistant Governor Philip Lowe said today.

  • RBA’s Lowe Sees Wage Restraint, Productivity Easing Australia’s Inflation

    Australia’s central bank is relying on slower wage growth and better productivity to contain inflation pressures as the damping effects of a four-decade high currency begin to wane, Deputy Governor Philip Lowe said.

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