RBA’s Debelle: Floor for rates is likely around zero to 0.5%

Dhwani Mehta FXStreet

Further comments are hitting the wires from the Reserve Bank of Australia (RBA) Deputy Governor Debelle, as he addresses the Q&A session following his earlier speech.

Floor for rates is likely around zero to 0.5%.

RBA has looked closely at minimum rates in other developed countries.

Hope we never have to get down to those levels.

Housing market is showing signs of stabilization.

Would like to see more investment in infrastructure.

Trade uncertainty is having sizeable impact on corporate investment decisions.

Climate change does have macro consequences, adds to global uncertainty.

The Aussie met fresh supply and hit a new session low near 0.6760 region on the above comments.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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