RBA's Debelle: It is the level of rates that matter and they can still move lower

RBA deputy governor Guy Debelle, speaking at the Australian Business Economists Annual Dinner in Sydney, was noted saying that the next move in interest rates more likely to be up than down, though any rise in rates is still some way off.

Key quotes:

   •  It is the level of rates that matter and they can still move lower.
   •  Should that turn out not to be the case, there is scope for further rate cuts.
   •  Floating exchange rate remains an important shock absorber.
   •  Herd response by banks to falling house price risks amplifying the downturn.
   •  Household debts are high but not clear how much is too much.

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.