RBA's Lowe: We are prepared to intervene in AUD, not at the moment

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia Governor Lowe:

  • We are prepared to intervene in AUD in extreme situation, but have to be extreme
  • Not prepared to intervene at the moment
To paraphrase a former Australian PM ... Lowe attacking currency speculators is like being whipped with a damp lettuce leaf.
--
We've had plenty from Lowe today, he is about to wrap it up (finishes 0230GMT).