Some remarks by RBA governor, Philip Lowe, after his speech earlier
- Rising house prices a reflection of lower rates
- Rising house prices not a problem so far, part of the transmission mechanism
Nothing here from Lowe to really shift the dial. Aussie cash rate futures are showing ~87% odds of the RBA staying pat next week and there's nothing here to suggest that they will move with another rate cut really.
The Q3 CPI data release tomorrow will be of more interest.
