Reserve Bank of Australia Governor Lowe with more, now in the Q&A
Speech is here:
- AUD/USD (higher) update after RBA Gov Lowe speech
More now:
- we discussed 25 or 50bp at the June meeting, will discuss 25 or 50 at the July meeting as well
- high inflation is cutting into people’s real incomes
- conscious that households have more debt, but also have more assets
- household spending has been pretty resilient
- does not see a recession on the horizon
- don’t think that the unemployment rate needs to rise to get inflation done
- says its possible the u/e rate will rise, it is a narrow path we are on
- underlying inflation to return to band in a couple of years
more to come
This article was written by Eamonn Sheridan at www.forexlive.com.
