Philip Lowe: Inflation and monetary policy Address by Mr Philip Lowe, Governor of the Reserve Bank of Australia, to Citi's 8th Annual Australian and New Zealand Investment Conference, Sydney, 18 October 2016. * * * I would like to thank James Bishop, Andrea Brischetto and Merylin Coombs for assistance in the preparation of this talk.
What matters for me is the capacity of euro area governments to take collective action. In a period of important elections, they are concentrating on national issues and risk losing the will and ability to act together. But for the euro area to be strong and stable, governments have to work together.