SYDNEY: Reserve Bank of Australia (RBA) chief Philip Lowe faces a major communications challenge tomorrow as speculation mounts he will scrap a bond-yield target after the central bank allowed a market selloff to continue without defending it.
Yields started surging after data on Wednesday showed core inflation jumped back into the RBA’s 2-3% target for the first time since 2015.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!