- Low rates are entirely appropriate
- Low rates encouraging investors to search for yield
- Low rates without pick up in real investment creates potential for new risks
- Monetary policy has limits when it comes to improving investment climate
- Very low global rates to persist for some time yet
RBA deputy governor Philip Lowe speaking at a conference about “Investing in a low interest rate world”, something a lot of people should probably get used to.
AUD/USD falls 6 pips below 0.8800 as Lowe makes clear that rates aren’t going up anytime soon in his corner of the world.
Philip Lowe gives a back hand slap to rate rises
