Australia's central bank said on Wednesday Governor Philip Lowe will hold a news conference after the Board's July 6 meeting, in a departure from its recent procedure.
Vital Signs: We are on the way back, but there are risks at every turn 2lt.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from 2lt.com.au Daily Mail and Mail on Sunday newspapers.
We are hearing an unusual amount from the Reserve Bank this week.
On Tuesday, after its first board meeting for the year, the bank outlined plans to spend another A$100 billion it didn’t have (“created money”), to buy government bonds in order to keep interest rates down – so-called quantitative easing.
On Wednesday Governor Philip Lowe said he expected to keep the closely-watched inter-bank cash rate at its present all-time low of 0.10% for at least another three years.
And on Friday Lowe will give evidence to the parliament’s economics committee in Canberra while in Sydney bank staff release updated forecasts.