More from RBA Gov Lowe - no implications for the RBA from the RBNZ 50 point rate cut

Author: Eamonn Sheridan | Category: Central Banks

Sees no immediate implications for the RBA

  • RBNZ responding to same forces as the RBA is
  • if other global central banks go to zero we'll have to consider that as well
  • another scenario for zero rates is if the Australian economy weakens well below expectations
  • would be very close to zero before we consider QE
  • QE is a long way from central scenario
AUD not moving too much at all now.

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