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 stabilizes around 1.1050 amid stimulus speculation

EUR/USD has drifted back to around 1.1050 as markets digest European talk of fiscal stimulus and as the fallout from the Fed's hawkish cut on Wednesday. 


GBP/USD advances toward 1.25 after the BOE, Brexit impasse

GBP/USD is trading closer to 1.25, marginally higher. The BOE left its interest rates unchanged in a unanimous vote. The bank stated that it assumes a smooth Brexit. Uncertainty about the UK's exit prevails.


USD/JPY keeps losses below 108.00 as BOJ disappoints the doves

USD/JPY keeps the losses below 108.00, as the Japanese Yen remains on the front foot in reaction to the Bank of Japan's (BOJ) status-quo that came in as a disappointment for the doves. 


Gold inches higher above $1,500 as US T-bond yields continue to slide

The troy ounce of the precious metal didn't have a difficult time recovering yesterday's losses but continues to trade in its weekly range and doesn't give any signals of a breakout in the near-term. 

Gold News

Bitcoin looks for volatility and shakes the bullish trend

The ruthless crypto market purges the weakest hands of the market –  or perhaps the fastest – and positions are liquidated to take profits after good gains in the short term.

Read more