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RBA Gov Lowe says demand is too strong relative to supply

RBA Gov Lowe says demand is too strong relative to supply
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Senate economics legislation committee additional budgetFrom reserve bankAustralia governor loweSenate economics legislation committeeAdditional budget estimatesReserve bankRba lowe outlook forecastReserve bank australia outlook forecast

Communication failure flagged as borrowers get RBA apology

RBA governor Philip Lowe has issued an apology to borrowers who “acted on what we’d said and now regret what they had done.”

Australian capital territoryNick mckimSenate economics legislation committee additional budgetSenate economics legislation committeeAdditional budget estimatesReserve bank

ASX LIVE: Australian shares to slip to start the week

Australian shares open 0.3pc lower; George Frazis leaves BoQ; Brambles’ CHEP to combine with Loscam China; BWX delays audited results; iron ore nears $US100. Follow updates here.

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