RBA’s Lowe: Board sees no strong case for near-term rate move


The Reserve Bank of Australia (RBA) Governor Lowe is on the wires now, via Reuters, making a scheduled speech titled "Demographic Change and Recent Monetary Policy" at the Anika Foundation Luncheon, in Sydney.

Key Headlines:

Board sees no strong case for near-term rate move.

Says next rate move likely to be up if economy evolves as expected.

The timing of move depends on unemployment, inflation moving to middle of target range.

Says natural for rates to eventually return to more "normal" levels.

Financial risks moving in right direction as house prices, borrowing eases.

Wages picking up in pockets of labour market, broader rise will be gradual.

Says expects inflation to rise close to 2.5 pct in 2020.

Unemployment to reach 5 pct over next few years.

Says 5 pct is conventional estimate of full employment, but could go lower.

Latest data consistent with forecasts for economic growth bit above 3 pct in 2018/2019.

Says Australia’s demographic profile more positive than of many other countries.

Higher migration has led to faster population growth than in other advanced economies.

Migration one reason economy has experienced higher average growth.

Migrants tend to be younger, changing our demographic profile in a positive way.

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.

Feed news

Latest Forex News

Editors’ Picks

EUR/USD advances 1.10 amid upbeat trade headlines, after mixed US retail sales

EUR/USD is trading closer to 1.1050, up on the day. US Commerce Secretary Ross has expressed optimism about reaching a deal with China. The Retail Sales Control Group met expectations with 0.3%.

EUR/USD News

GBP/USD soars past 1.2900 as Farage gives additional boost to Conservatives

GBP/USD has leaped above 1.29, the highest since early November, as the Brexit Party has failed to field candidates in 43 additional seats, facilitating a victory for PM Boris Johnson.

GBP/USD News

USD/JPY clings to gains near session tops, around 108.70 post-US data

The USD/JPY pair maintained its strong bid tone near session tops and had a rather muted reaction to the mixed US economic data.

USD/JPY News

Gold looks to close week with small gains below $1,470

The precious metal struggled to find demand on Friday as the upbeat market mood on renewed hopes of the United States and China reaching a trade deal to avoid a tariff hike in December caused investors to move away from safe havens.

Gold News

Crypto Today: Playing with the thin red line

BTC/USD has fallen below $8,500 during the Asian trading session. A close below this support level would put $7,500 on the trading table. ETH/USD is moving below the 50-period exponential moving average.

Read more

Forex MAJORS

Cryptocurrencies

Signatures