RBA's Lowe: progress on employment , inflation goals slower than liked

Via Reuters

  • today's rate cut should help (the headline issues)
  • repeats economy is at a gentle turning point
  • makes a large name of general banking lending comments
  • nearly 4% of borrowers have loan balance exceeding property value
  • recognises that Monterey policy still works to support employment, inocome and growth

AUDUSD up a little on these headlines back to 0.6700. However, there is nothing different here to what has already been said.

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