RBA boss Philip Lowe has some bad news for the gold bulls
When demand is weak, and the economy has oodles of spare capacity, it strains credulity to believe that we're on the brink of a new era of high inflation.
It's official: there's little prospect of an inflationary outbreak in the foreseeable future, no matter how long it takes to recover from the coronavirus-induced recession.
In the statement he released after Tuesday's Reserve Bank board meeting, Reserve Bank of Australia governor Philip Lowe sketched out several different pathways the economy could take.
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
