The headlines from Lowe’s speech are here: RBA Deputy Governor Philip Lowe: Australia needs prductivity boost to grow incomes (with link to full text, too)
Now in the Q&A
- Expects to see more adjustment in AUD/USD, will come down in time
- Does not rule intervention in or out
- Threshold for intervention is fairly high
- Says low rates are working to push up asset prices, rippling through economy
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Lowe does not seem to be talking the AUD down to the extent that Stevens did last week. He is a lot more circumspect.
