RBA's Lowe: We are not on a pre-set path, could return to 50 bps moves or unchanged

• Board expects to increase interest rates further over the period ahead
• Need to ensure current period of higher inflation is only temporary
• Will be increasingly problematic to set a narrow range for inflation Inflation Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Inflation is defined as a quantitative measure of the rate in which the average price level of goods and services in an economy or country increases over a period of time. It is the rise in the general level of prices where a given currency effectively buys less than it did in prior periods.In terms of assessing the strength or currencies, and by extension foreign exchange, inflation or measures of it are extremely influential. Inflation stems from the overall creation of money. This money is m Read this Term targets
• Policy is not on a pre-set path, could return to 50 bps moves or keep rates unchanged for a time

The fact that he is offering up a more flexible choice on the policy path is in itself a less aggressive (more dovish) take from the first half of the year at least. The RBA was among the first to pivot in that sense but the aussie still stands to benefit from any major rebound in risk trades should we finally get to the climax of the story i.e. the long-awaited Fed pivot.