RBA’s Lowe Says Low Rates, Weaker Currency to Help Revive Growth - TopicsExpress

RBA’s Lowe Says Low Rates, Weaker Currency to Help Revive Growth Australia’s record-low interest rates, weaker currency and improving sentiment should help revive growth in industries outside resources, central bank Deputy Governor Philip Lowe said. “A pick-up in non-mining investment is an important part of the story in the return of the Australian economy to trend growth,” Lowe said in the text of a speech to be delivered inMelbourne today. “Our expectation is that this will take place, with growth in non-mining investment predicted to pick up to at least high single-digit rates within the next couple of years.” bloomberg/

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