(Bloomberg) -- Reserve Bank Governor Philip Lowe said heâs prepared to tolerate inflation above the upper end of his 2-3% target range, reinforcing signals that Australiaâs first interest-rate increase remains some way off.
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>>> Read more: RBAâs Lowe Sees Inflation Overshooting Target as Acceptable Risk
Most Read from Bloomberg
The Housing Boom May Be About to Go Bust Fed Doesnât Yet Favor a Half-Point Hike or an Emergency Move The Housing Party Is Starting to Wind Down Treasuries Sink With Stocks as Rate Bets Repriced: Markets Wrap U.S. Inflation Charges Hi...
>>> Read more: RBAâs Lowe Sees Inflation Overshooting Target as Acceptable Risk