RBA’s Lowe: It would be better if the AUD was a bit lower
|More comments flowing in from the RBA Governor Lowe are as under:
Average wage growth of 2% will struggle to generate CPI at 2.5%
Higher power prices are hurting business and investment
Increase in electricity prices will have a significant effect on CPI, will take that into account
Weak wage expectations are dragging on consumption
Very comfortable with current setting of policy
It would be better if the AUD was a bit lower
RBA is not overestimating level of neutral rate
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