Philip Lowe: The changing nature of investment

Address by Mr Philip Lowe, Governor of the Reserve Bank of Australia, at the Australian Financial Review Business Summit, Sydney, 7 March 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
08 March 2018
by Philip Lowe
PDF full text
(299kb)
  |  13 pages

Thank you for the invitation to speak at this year's AFR Business Summit. It is very good to be here.

The underlying question being asked at this summit is: how does Australian business prosper in today's changing world? This is an important question to be asking.

A strong and prosperous business sector is central to Australia's economic success. It is businesses - both small and large - that employ the bulk of Australians. It is businesses that have to compete globally and find new markets around the world for the goods and services that we produce here in Australia. And it is businesses that are responsible for most of the investment spending in the country. So it is in our collective interest to have a prosperous business sector.