RBA's Lowe says central scenario for Australian economy remains positive

RBA gov Lowe in a scheduled speech 15 Nov

  • reasonable prospect inflation will return to average levels in next 2 years
  • Q3 CPI report suggested inflation was not moving lower
  • high household debt a risk, important to avoid financial imbalances
  • not in public interest to encourage further build-up of household debt
  • budget repair can be undertaken over time, should not stop infra structure

AUDUSD suitably unfazed at 0.7558 still

RBA's Lowe - In positive mood

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