RBA Lowe: Won't respond until there is evidence of pervasive price pressures

Reserve Bank of Australia (RBA) “will not respond until there is evidence of pervasive price pressures,” the central bank Governor Phillip Lowe said at an event honoring journalists on Tuesday.

Additional quotes

“Monitoring the job market for labor costs signals and how pervasive shift in inflation is psychology is.”

“Also monitoring how persistent supply-side problems will be.”