Lowe’s soother for a hard-to-swallow dollar

While acknowledging the real trouble Australia has had digesting the dollar's strength, Philip Lowe’s comments highlight how the economy is beginning to benefit as businesses adjust to it.

Philip Lowe has produced a dispassionate and somewhat encouraging assessment of the state of the economy as it transitions towards a post-investment boom environment, with the Reserve Bank deputy governor seeing streaks of silver within some of the gloomier post-financial-crisis clouds.

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