Philip Lowe

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    Australia’s central bank flags Omicron uncertainty

    Australia’s central bank on Tuesday said it would maintain “accommodative monetary policy” into December, flagging the new threat of the Omicron variant of COVID-19 to the economy. The Reserve Bank of Australia (RBA) governor, Philip Lowe, acknowledged the Omicron variant during the monthly monetary policy update. He said the omicron variant had begun to spread in the Australian state of…

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