Reserve Bank of Australia Governor Lowe, more now from Q&A:
- Current level of AUD and rates is suitable for economy
- Further marked AUD appreciation from here would complicate adjustment
More:
- Home prices have risen faster in last couple of months
- Says he takes comfort in slower credit growth
- Easing in monetary policy globally is reaching diminishing returns
- Reasonable prospect domestic inflation will return to target as forecast
- Possible election of Donald Trump as President unlikely to be as benign an event as Brexit
Headlines via Reuters
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If you're wondering what the RBA will do at its next meeting that's got to be a pretty big clue from Lowe right there:
- Current level of ... rates is suitable for economy
Can he cut rates in 2 weeks time after saying this? (Barring any huge shock development, of course)
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Lowe spoke earlier from a prepared text, link to full text and main points here