RBA's Lowe Sees Rates Steady `For a While Yet'

The transcript discusses the challenges of maintaining interest rates and inflation within target ranges, with insights from Phil Lowe on the economic outlook. It highlights the persistent issues of low inflation and wage growth, despite falling unemployment rates. Phil Lowe expresses concerns about global economic conditions, including the US economy and trade wars, and their potential impact on Australia's economy.

What is the main economic issue discussed in the first section?

• High unemployment rates

• Strong Australian dollar

• Persistent inflation outside the target range

• Rapid wage growth

What does Phil Lowe suggest about the future of interest rates?

• They will hold steady for a while

• They will decrease soon

• They will increase soon

• They will fluctuate frequently

Why does Phil Lowe want a lower Australian dollar?

• To reduce unemployment

• To help the economy

• To boost exports

• To increase inflation

What global economic factor is Phil Lowe concerned about?

• The European debt crisis

• The Japanese yen depreciation

• The US economy running hot

• The Chinese housing market

How does Phil Lowe view the trade war's impact on Australia?

• Beneficial for Australian exports

• Irrelevant to Australia's economy

• Potentially disruptive due to trade reliance

• A minor concern for the Reserve Bank