Shift to Lowe may give RBA chance to rethink inflation target
There are calls for the Reserve Bank of Australia to lower its long-standing 2-3 per cent price target to recognise a new world order of softer inflation that looks to be spreading to Australia.
With the central bank's leadership about to undergo a generational change to Philip Lowe, who takes over as governor from Glenn Stevens in September, there is speculation the traditionally conservative institution might take the opportunity to review the target or the way it is used.
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