RBA's Lowe says need to keep loose monetary policy until people get jobs, higher wages

Reserve Bank of Australia Governor Lowe speech here:

• RBA Gov Lowe says there was a risk of upward pressure on AUD if did not extend QE

Lowe in the Q&A now:

• need to keep monetary support until people get jobs, higher wages
• fiscal response has been incredibly important in recovery
• borrowing more exactly the right thing to do
• hopes government will respond with more fiscal stimulus if needed

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• global central banks are not in a cold war on FX
• not particularly worried about asset prices rising too strongly at the moment

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• not considering extending 3 year bond yield target out to 10 year