More comments from Reserve Bank of Australia Governor Lowe

  • business investment is on fairly reasonable upswing
  • says is not showing up in output data as would be expected
  • no reason to adjust inflation target
  • says confident will get back to middle of 2-3 pct band
  • other sectors of economy do not show slowdown implied by GDP
  • Q4 and Q3 GDP likely to show growth significantly below trend

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More comments from Reserve Bank of Australia Governor Lowe