Reserve Bank of Australia Deputy Governor Debelle spoke earlier:
- RBA Dep Gov Debelle: Does not expect a rate hike for 3 year (link to speech and live his event here)
Adding further now:
- low interest rates underpinning higher asset prices
- little risk of high CPI or too low an unemployment rate on the horizon
- not convinced negative rates would work
- need the unemployment rate a fair bit lower than where it is at present
