Australia central banker says rates could stay low until ’24

CANBERRA, Australia (AP) — Australia’s central bank governor says the nation’s benchmark interest rate could remain at a record low until 2024 despite pandemic-induced inflation. The Reserve Bank of Australia board has said it won’t lift the cash rate until inflation settles in a target range of 2%-to-3%, Governor Philip Lowe told a Sydney forum of economists. The “inflation outlook is more uncertain than it has been for some time, but our central scenario is that underlying inflation reaches th
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