The elected representatives are now asking Lowe questions
(AKA the "ask a stupid question" bit)
- Discussion of neutral interest rate was not intended to send any message to markets
- Rates more likely to rise over time
- Average of interest rates will be lower than in the past
- Market pricing reasonable that next move in rates will be up, but not for some time
- Any rate move will be quite some away
- On FX - not close to a scenario that would require currency mkt intervention
- Think we have done enough on home lending measures for the time being
