Mike had the details here: RBA's Lowe says house prices in Australia affected by inflow of Chinese money
I guess Lowe gets the Captain Obvious award today.
Oh ... there was nothing from Lowe on his economic outlook nor Australian monetary policy.
Media reports on Lowe's speech
First, the Australian Financial Review, may be gated:
- Reserve Bank of Australia governor Philip Lowe has backed China's refusal to fully liberalise the flow of capital in and out of its economy
- Lowe warned that controls can only ever be a temporary fix as the RMB's internationalisation becomes one of the "biggest forces shaping the global financial system over the next decade or so"
And, Bloomberg, ungated:
