Philip Lowe, Reserve Bank of Australia Governor, in the Q&A now following his earlier speech
- Recent data suggests Q4 GDP may be little less than +0.5% q/q
(Lowe thus confirms he is an avid follower of ForexLive: Australian GDP data due today - why what is expected is wrong (too high ...)
More:
- Says but such a result would not change our confidence in the outlook
- Says hard to ignore internationl tax competition, but need to have fiscal discipline
- Find US budget deficits troubling when economy so strong
- Says tax not only factor in investment decisions
- Recent announcement on tariffs by President Trump was very regrettable
- proposed tariffs manageable but reprisals would be very damaging
- History shows protectionism bad
And, here we go ... money shot:
- at the moment would be helpful to have a lower AUD
- But AUD not broadly overvalued
- AUD around fair value, we have what we have
Headlines via Reuters
More:
- Macroprudential measures on housing worked, should be part of tool box
- 10% cap on investment lending is now redundant given slow down in lending
MOAR:
- Our central scenario is that rates will rise, but not inevitable
- Depends on how quick e get unemployment down
- if rate rise comes quicker because of a stronger economy that would be good