Philip Lowe, Deputy Governor of the Reserve Bank of speaking on "Recent Economic Developments"
Headlines via Reuters
- Says domestic economic fundamentals strong, optimistic on future
- Must be careful that uncertainty in Australia does not mutate into "chronic pessimism"
- Says fall in A$ over last couple of years helping economy adjust
- Monetary policy alone cannot drive living standards, need economic flexibility
Reuters add that Lowe "Offers no guidance on outlook for interest rates in speech"
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Lowe's speech released a few moments before the 2140GMT start time
