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Via Phil Lowe in Parliament today:
Thank you for this opportunity to share our views on the Australian economy and the RBA’s important public policy responsibilities. My colleagues and I strive for a high level of transparency and these hearings are an important part of the accountability process.
Later this morning, we will be releasing our quarterly Statement on Monetary Policy, which will include our latest forecasts. I would like to begin today by highlighting the main points regarding the forecasts for output growth, the labour market and inflation. I will then turn to monetary policy.
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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal.
He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.