RBA Gov Lowe is still confident consumers will spend more

Author: Eamonn Sheridan | Category: Central Banks

Reserve Bank of Australia Governor Lowe with the rose coloured glasses. As usual.  

  • says GDP outcome was broadly in line with our expectations
  • weakness of consumption was a surprise
  • still confident people will spend extra income
  • says evidence is people will spend tax rebates, may take longer this time
  • says weakness of Q3 consumption does not have particular messages for future



ForexLive
By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose