Reserve Bank of Australia Governor Phil Lowe speaking, his topic is "The Labour Market and Monetary Policy"
As I said earlier, the RBA is very much focused on the labour market, both on jobs growth (which has been improving in the past quarter) and wage growth (which has been tepid at best).
RBC also had thoughts on Lowe (bolding mine):
- Following Deputy Governor Debelle's speech last week, the forward curve is almost entirely flat, so Lowe would need to be very dovish to do material damage to AUD.
