Reserve Bank of Australia Governor Lowe in his Q&A session following his speech

  • Planned tax cuts will boost incomes this year, that's sensible
  • Hopes budget does return to balance over time
  • Australian house price correction became inevitable
  • House price correction is manageable, driven by increase in supply
  • Global economy and China biggest downside risks to Australia
  • Lower rates would lead to a lower AUD

Lowe has mentioned a couple of thigs he thinks are sensible today, the Roybal Commission recos and now planned tax cuts.

I'd give him a 'sensible' point for shifting his bias away from tightening to more balanced in his speech.