Fairfax press' Peter Martin on RBA Lowe this morning
- Dashed hopes of a further cut in interest rates
- Australian economy set to rebound as the "headwind from falling commodity prices turned into a gentle tailwind"
- Headwind from falling mining investment "should blow itself out before too long"
- Australia about to get the payoff from large increases in production of liquefied natural gas
- downside risks were much diminished from when he last appeared before the committee in September
Check out the piece in full here: Reserve Bank governor Philip Lowe all but rules out rate cuts, defends corporate tax cuts
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Earlier posts on Lowe today:
- RBA's Lowe comments on AUD: Hard to say its overvalued, but would like it lower
- RBA's Lowe: Current interest rate setting consistent with sustainable growth
