From the website of Australia’s Financial Review (gated): RBA signals ready to cut rates if needed
Some points from the article:
- He “sent a strong signal that policy makers remain ready to lower interest rates if needed to counter the high dollar.”
- “the bank believed it had been able to counter the effects of the high Australian dollar with lower interest rates.”
- Debelle’s comments echoed Steven’s from last week that while the dollar was high, the bank remained unwilling to undertake direct intervention in currency markets to lower its value.
