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.