More from RBA Lowe: Further AUD appreciation from here would complicate adjustment

Author: Eamonn Sheridan | Category: Central Banks

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
  • 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        
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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