RBA's Lowe: Would expect next rate hike discussion to be between 25 bps or 50 bps

  • Further remarks by Lowe
  • RBA not driven by market expectations
  • Only in August will there be another inflation data point
  • RBA will look at that and then take stock from there

Lowe is saying that he doesn't really care about what markets are pricing in and says that any surprise reaction is not a good thing nor a bad thing in the central bank's view. But he is basically ruling out a 75 bps rate hike with the remarks above at least.

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