RBA's Lowe: No reason to change inflation target band

RBA governor, Philip Lowe, begins his Q&A session with the media

• If unemployment rate can get to 4.5%, inflation will rise
• Current central estimate for full employment is near 4.5%

The bit of the unemployment rate feels a bit of an overstatement in my view, even if labour market conditions tighten as such, there's no guarantee it'll lead to sustainable wage growth. Just ask the likes of Europe, Japan, and the US and you'll get your answer.

Anyway, if they aren't considering to lower the inflation target band then be prepared to cut rates further down the road I guess.