Global Response by Central Banks to Ukraine Crisis Not Required: Head of Australian Reserve Bank

RBA Governor Philip Lowe delivers the keynote address during the Australian Banking Association Banking 2022 banking conference at the Hyatt Regency in Sydney, Australia, on March 11, 2022. AAP Image/Dan Himbrechts

The governor of the Reserve Bank of Australia (RBA), Phillip Lowe, doesn’t believe a global coordinated financial response to the Ukraine conflict is required.

Lowe said that while central banks worked closely together during the Global Financial Crisis, the current situation was entirely different.