PROGRESS 2050: Toward a prosperous future for all Australians
Philip Lowe, Reserve Bank of Australia
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Q&A | Reserve Bank Governor keynoteThe RBA has now cut official interest rates to the historic low of 1.25 per cent. The rate, which reflects what the central bank charges commercial banks on overnight loans and influences the setting of other interest rates, has sat at a record low of 1.5 per cent since August 2016.
The RBA took this decision citing the desire to support employment growth and provide greater confidence that inflation will be consistent with the medium-term target.
To understand more where the RBA thinks the Australian economy is heading and the role that monetary policy will play in stimulating growth, CEDA is delighted to host RBA Governor, Philip Lowe. -
Philip Lowe | Reserve Bank Governor keynotePhilip Lowe holds a PhD from the Massachusetts Institute of Technology and a B.Comm (Honours) in Economics/Econometrics from the University of New South Wales. He has authored numerous papers, including on the linkages between monetary policy and financial stability. He commenced as Governor of the Reserve Bank of Australia on 18 September 2016.
He is Chair of the Reserve Bank Board and Payments System Board, and Chair of the Council of Financial Regulators. He is a member of the Financial Stability Board. Prior to his current role, Philip held the positions of Deputy Governor, Assistant Governor (Economic) and Assistant Governor (Financial System). He also spent two years at the Bank for International Settlements working on financial stability issues.
Philip is Chair of the Financial Markets Foundation for Children and a director of The Anika Foundation. He is also Chair of the Committee on the Global Financial System of the Bank for International Settlements.
