From JP Morgan:
The comments today from Reserve Bank of Australia Deputy Governor Lowe confirm an RBA easing bias
- The focus in the market will now be on any guidance in tomorrows release of the May meeting Minutes
- Particularly on whether the bank's easing bias becomes more explicit than before
- Lowe acknowledged that RBA is walking "fine line" in trying to stimulate economy with low rates that are also driving up asset prices and debt
via Bloomberg