RBA's Lowe: No implications for the RBA from the RBNZ 50-point rate cut, AUD unfazed
|Further comments are crossing the wires from the Reserve Bank of Australia (RBA) Governor Lowe, as he says that there are no implications for the RBA from the RBNZ 50-point rate cut.
Additional Quotes:
RBNZ responding to same forces as the RBA is.
if other global central banks go to zero, we'll have to consider that as well.
another scenario for zero rates is if the Australian economy weakens well below expectations.
would be very close to zero before we consider QE.
QE is a long way from the central scenario.
The AUD/USD pair sticks to gains above the 0.68 handle, little affected by the recent dovishness delivered by Governor Lowe and quarterly Monetary Policy Statement (SoMP).
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