More from RBAA Reserve Bank of Australia Governor Lowe, speaking before the House of Representatives' Standing Committee on Economics
- global central banks reacting to "deep structural shifts" where savings are elevated, investments depressed
- not sure decision to lower rates in Australiaa has damaged consumer confidence
- says lower interest rates "a real issue" for some Australians who rely on interest incomes
- look forward to the day when economic conditions support interest rate rises
- would not be considering raising rates until we are comfortable inflation, employment are within targets
- too early to tell if we had got better outcomes by cutting interest rates earlier
