The elected representatives are now asking Lowe questions

(AKA the "ask a stupid question" bit)

  • Discussion of neutral interest rate was not intended to send any message to markets
  • Rates more likely to rise over time
  • Average of interest rates will be lower than in the past
  • Market pricing reasonable that next move in rates will be up, but not for some time
  • Any rate move will be quite some away
  • On FX - not close to a scenario that would require currency mkt intervention
  • Think we have done enough on home lending measures for the time being