Comments from Lowe

Philip Lowe
  • There are no right answers to central bank mandates
  • We rarely intervene in FX and haven't for more than 13 years
  • We do not have an objective for the exchange rate, nor would it make sense to do so
  • adding an exchange rate objective to the central bank's other objectives would severely compromise the achievement of other objectives
  • We have always had a flexible approach that allows for some variation in inflation
  • we have found a flexible medium-term inflation target works well
  • Full text

There's nothing on the current outlook here.