• Not needing to dampen a property bubble
  • Not in a situation where house prices growing too strongly
  • Shouldn’t be afraid of rising house prices
  • Seems reasonable commodity prices will come off a bit
  • Expects to see lower terms of trade in future
  • Australia to have fairly high terms of trade, FX rate, for the next 20 years – AUD to be high historically, not as high as it has been.

Lowe’s speech is here

And earlier Q&A comments

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A 20 year outlook from Lowe! Hubris? Or maybe he’s just a long-term bull.

Meanwhile, the AUD/USD has triggered the stops through 0.9185 and run into sellers ahead of 0.9200 a touch lower now.