Philip Lowe and Jim Chalmers 会合,会う for coffee in India just days after Reserve Bank boss lost his 職業

  • Philip Lowe went to India with Treasurer Jim Chalmers
  • Occurred just days after losing Reserve Bank position?

Philip Lowe travelled to India with Treasurer Jim Chalmers just days after losing his million-dollar 職業 長,率いるing the Reserve Bank.?

The pair were seen in Gandhinagar where they have travelled for the G20 集会 of 全世界の 大蔵大臣s and central bank 知事s.

On the surface, they both appeared to be smiling after travelling more than 10,000km away from home, 持つ/拘留するing orange plastic cups, perhaps 含む/封じ込めるing coffee.

Both wore (土地などの)細長い一片d 関係 that appeared to 反映する the colours of their 各々の 明言する/公表する of Origin teams with Dr Chalmers, a Queenslander, wearing maroon and Dr Lowe, from NSW, wearing blue.

The only 調印する of 緊張 appeared to be Dr Lowe keeping his left 手渡す in his pocket as he walked and talked with Dr Chalmers, who had the bigger grin.

Philip Lowe has travelled to India with Treasurer Jim Chalmers just days after losing his job heading the Reserve Bank

Philip Lowe has travelled to India with Treasurer Jim Chalmers just days after losing his 職業 長,率いるing the Reserve Bank

They arrived in the Indian 明言する/公表する of?Gujarat on Monday night, Australian time, just three days after Dr Chalmers 発表するd Dr Lowe's seven-year 称する,呼ぶ/期間/用語 主要な the RBA would not be 延長するd beyond September 17.

With just two months left as Australia's most powerful central 銀行業者, Dr Lowe used his last occasion on the international 行う/開催する/段階 to 警告する weak 生産性 growth would 料金d インフレーション, as companies passed on higher costs to 顧客s.

'I agree the 即座の consequence and the 即座の challenge is to get インフレーション 負かす/撃墜する,' he told other central 銀行業者s in India during the two-day 首脳会議.

'We really need to be successful there but I think the bigger challenge is to 解除する 生産性 growth.'

Without 生産性 改良s, higher インフレーション means 行う rises are meaningless.

'Then we are 非難するing our 国民s to slower growth in real 給料, smaller public services and an 増加するd 緊張 on income 配当,' Dr Lowe said.

They arrived in the I
ndian state of Gujarat on Monday night, Australian time, just three days after Dr Chalmers announced Dr Lowe's seven-year term leading the RBA would not be extended beyond September 17

They arrived in the Indian 明言する/公表する of Gujarat on Monday night, Australian time, just three days after Dr Chalmers 発表するd Dr Lowe's seven-year 称する,呼ぶ/期間/用語 主要な the RBA would not be 延長するd beyond September 17

The minutes of the Reserve Bank's July 会合, which kept the cash 率 on 持つ/拘留する at an 11-year high of 4.1 per cent, were 解放(する)d on Tuesday, 警告 of more 率 rises.

'Members agreed that some その上の 強化するing of 通貨の 政策 may be 要求するd to bring インフレーション 支援する to 的 within a reasonable timeframe, but that this depended on how the economy and インフレーション 発展させる,' it said.

But for the first time since the 強化するing cycle began in May 2022, the Reserve Bank minutes 明らかにする/漏らすd board members were worried about 失業 rising too high, with the 失業率 tipped to 攻撃する,衝突する 4.5 per cent by late 2024, up from 3.6 per cent now.

'Higher 利益/興味 率s could also be 推定する/予想するd to encourage 世帯s to save more, which would 影響する/感情 消費,' it said.

'If that were to occur, the 需要・要求する for 労働 would slow and the 失業率 would be likely to rise beyond the 率 要求するd to 確実にする インフレーション returns to 的 in a reasonable timeframe.'

インフレーション in May fell 支援する to 5.6 per cent, 負かす/撃墜する from an 年次の pace of 6.8 per cent in April, but it's still 井戸/弁護士席 above the RBA's 2 to 3 per cent 的.?

With just two months left as Australia's most powerful central banker, Philip Lowe used his last occasion on the international stage to warn weak productivity growth would feed inflation

With just two months left as Australia's most powerful central 銀行業者, Philip Lowe used his last occasion on the international 行う/開催する/段階 to 警告する weak 生産性 growth would 料金d インフレーション

Dr Lowe's 副 of the past 13 months, Michele Bullock, will from September 18 become the first woman to lead the Reserve Bank of Australia since it began in 1960.

The 去っていく/社交的な 知事 will no longer have a 職業 with a remuneration 一括 of $1,037,709, having 統括するd over 12 利益/興味 率 rises in 13 months, 場内取引員/株価 the most 積極的な pace of 通貨の 政策 強化するing in 34 years.

The 61-year-old 経済学者 joined the Reserve Bank in 1980 doing clerical work as he 熟考する/考慮するd a Bachelor of 商業 degree at the University of New South むちの跡s, having moved to Sydney from 地域の Wagga Wagga.

Dr Chalmers, the man who decided his 運命/宿命 as RBA 知事, was just two years old when Dr Lowe began his 43-year career with the central bank.

Dr Lowe is the first RBA 知事, since 1996, not to have his 称する,呼ぶ/期間/用語 延長するd beyond seven years, when new 自由主義の treasurer Peter Costello 拒絶する/低下するd to keep on Bernie Fraser.

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