Reserve Bank of Australia Governor Lowe took a neutral turn today in his outlook.
The story so far, start at the bottom and read up for the chronology) :
- RBA Gov Lowe into a bit of jawboning on the AUD now: lower rates = lower AUD
- More from RBA's Lowe (Q&A): Planned tax cuts will boost incomes this year
- The four analysts expecting an RBA rate cut ... get ready for more to join in
- Australia financial press now: "RBA shifts to neutral"
- AUD marked down on Lowe's admitting next rate move is evenly balanced
- RBA's Lowe says the interest rate outlook is more evenly balanced
The Australian dollar has not managed much of a bounce since the initial mark dowon on his comments:
Lowe's turnaround is a big deal. its been a long time coming. It does not guarantee a rate cut, but the odds have come in from the previous insistence from the RBA repeated over and over that the next move was likely to be up. now its evenly balanced,. its a start!
