RBA governor Philip Lowe comments at the central bank's board dinner in Perth
- Next RBA rate move is likely to be up, not down
- Australian economy is moving in the right direction
- Fall in AUD, if sustained, would improve outlook for growth, inflation
- Average mortgage rate is still lower than last year despite recent rises by some banks
- Escalation in global trade disputes would be a concern
- Watching strains in EM, impact on global financial system
- Sees risk of faster pick up in US inflation, may present a shock to markets
Very much the same as what he has reiterated before and what was communicated from the central bank's statement earlier today. A non-event.
