Reserve Bank Governor Philip Lowe says it is "not unreasonable" to expect that interest rates will get cut further this year, although no decision has been made.
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Australian Dollar, RBA Governor Lowe Speech, Talking Points: Mr. Lowe kept the prospect of lower interest rates very much alive The market can hardly have expected otherwise, however He conceded.
Rate decision was not in response to deterioration in outlook since May. Easing aimed at spurring jobs growth, lifting inflation. Rate cut is to lead lower AUD than otherwise would have been the case.
Meanwhile, Mr Lowe said it was "not unreasonable" to expect that interest rates will be cut further this year, though no decision has been made. "Much will depend on how the evidence evolves, especially on the labour market," Mr Lowe said in a speech to the business community on Tuesday night.
Given the deterioration in economic data and the remark that it would not be "unreasonable to expect a lower cash rate" from here, we believe that the RBA will follow up with a second interest rate cut before pausing to survey its effects.
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"Not unrealistic" to expect a further reduction in the cash rate. "Unrealistic" to think one 1/4 point rate cut can alter growth path. Lower rates to help through effect on A$, disposable incomes.
Reserve Bank Governor Philip Lowe says it’s not unreasonable to expect more rate cuts – and has called on banks to pass the full cut on to their customers.
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2017-08-01 · Here’s what economists are saying about the RBA’s more forceful tone towards the Australian dollar.. We expect the cash rate to. rate is edging lower.
Dr Lowe said the bank’s decision to cut rates to an historic low of 1.25 per cent from 1.5 per cent had been driven by a failure to see enough wage growth and inflation, and not because of a.
Reserve Bank Governor Philip Lowe says it is "not unreasonable" to expect that interest rates will get cut further this year, although no decision has been made. "Much will depend on how the evidence evolves, especially on the labour market," Mr Lowe said in a dinner speech to the business community on Tuesday night.