RBA’s Lowe: Uncertain if demand will be strong enough, if not will need further stimulus
|More comments flowing in from the Reserve Bank of Australia (RBA) Governor Lowe, as he responds to the Q&A session following his earlier speech.
Need stronger demand growth.
Wants to see more pressure on the economy's supply capacity.
Uncertain if demand will be strong enough if not will need further stimulus.
Not shifting toward forward guidance.
Being as transparent as possible on policy.
Does not put too much weight on market-based measure of inflation expectations.
Stronger pace of wage growth would be positive for inflation expectations.
Further fiscal stimulus through infrastructure is an option.
Reasonably confident treasury will agree on keeping inflation target.
Might be some drafting changes in wording of monetary policy agreement.
The AUD/USD pair keeps range near 2-week lows of 0.6965, as markets weigh in the latest remarks by the RBA Head Lowe.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.