RBA gov Lowe now into his Q&A session at the A50 dinner in Sydney 9 Feb

  • Australia in watch n wait mode toward US policies

Just stay tuned to Twitter, you'll find out soon enough.

  • global rate expectations have turned around in past 2 months
  • would be unsurprising if no more easing from major central banks

Does he consider the RBA as a "major" CB I wonder ?

  • higher household debt could be risk to consumption
  • local banks resilient even in quite bad housing scenarios
  • RBA does not feel compelled to get inflation to mid-target asap
  • some adjustments to Dodd-Frank rule in US may be sensible
  • AUDUSD still around average levels as over last year
  • AUD has moved reasonably with commodity prices
  • hard to say AUD too high, that could change if global outlook downgraded

AUDUSD nudging higher to 0.7635 but in no rush.