Philip Lowe: The year ahead Address by Mr Philip Lowe, Governor of the Reserve Bank of Australia, to the National Press Club of Australia, Sydney, 6 February 2019. * * * I would like to thank Andrea Brischetto for assistance in the preparation of this talk. Thank you for the opportunity to address the National Press Club.
Some of the improvement in financial conditions among businesses is due to significant belt-tightening by many firms. Over the past few years, the drive to cut costs and boost efficiency has generated rapid productivity gains.