From the Q&A.

Post on his speech is here:

RBA Gov. Lowe says more rate hikes are coming, but no preset path

The one-sentence summary of his speech is that Lowe sees further rate rises as still required, just at a slower than pace than we've had.

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Q&A now:

  • Demand has to grow more slowly to bring back in line with supply
  • There is significant demand element to higher inflation , not just supply
  • very conscious that there are lags in monetary policy
  • its very possible that wage growth does not pick up much further
  • quantiitave tightening is not on our agenda
  • neutral cash rate is at least 2.5%
  • we are closer now to estimates of neutral

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Speaking of preset. (I've posted this before. Sue me)