Reserve Bank of Australia Governor Lowe speech here:
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
More:
- global central banks are not in a cold war on FX
- not particularly worried about asset prices rising too strongly at the moment
More:
- not considering extending 3 year bond yield target out to 10 year