An article in The Australian overnight contrasts Guy Debelle’s very dovish comments early on Tuesday:
“There’s no limit on our ability to supply Australian dollars … “We have more Australian dollars than anyone else in the world because we print them,” he added, pointing out that Switzerland had successfully capped the value of the Swiss franc against the euro since 2011.
with another board member, Roger Corbett:
Mr Corbett told Dow Jones that adjusting fiscal and monetary policy to force the dollar down would “do enormous damage”.
Clearly there is more discussion to be had around the boardroom table at the RBA.
The next monetary policy board meeting is scheduled for March 5, the market is not expecting any changes to the cash rate.