Moreover, economic sentiment is at its highest level in nearly a decade and has increased notably from May to June 2017.2 Unemployment is at its lowest level in eight years. Looking ahead, the latest Eurosystem staff macroeconomic projections point to a continued economic expansion at a somewhat faster pace than previously expected. The breadth of the economic recovery is also notable.
Speech  A Narrow Path  Philip Lowe[*] Governor Address at the Morgan Stanley 5th Australia Summit Sydney – 7 June 2023  Thank you very much for the invitation to join Morgan Stanley’s Australian Summit. It is a pleasure to be able to join you.