RBA’s Lowe: Reasonable to Expect an Extended Period of Low Interest Rates

The transcript discusses the Reserve Bank of Australia's decision to adjust the cash rate due to evolving economic conditions. It highlights the factors influencing these decisions, such as wages, GDP, and unemployment, and explains how monetary policy impacts the economy through exchange rates and household income. The discussion also covers recent economic developments and the influence of global interest rates on Australia's economy.

What is the expected outlook for interest rates in Australia based on current conditions?

What challenges does the Australian economy face in relation to global interest rates?