RBA's Lowe: further AUD gains would slow inflation pickup, employment

Ross J Burland FXStreet

RBA's Lowe is testifying before the House of Representatives’ Standing Committee on Economics in Melbourne. Markets have been waiting to hear if he jawbones AUD and shows concerns about the strength of the Aussie but so far, only if's and buts and no sense of urgency or immediate concern.

Comments so far:

Global economy has strengthened since last meeting
China growth has surprised on upside of late
Global economy has strengthened since Feb.
RBA working closely with APRA on financial risks
Measures will work to strengthen household b/s
Investment ex-resources pickup taking longer than expect.
More AUD gains would slow inflation pickup
Likely to be some time before reach full employment
Says cash rate at 1.5% supporting jobs growth
Further AUD gains would slow inflation pickup, employment
Says board prepared to be patient

AUD/USD: RBA's Lowe not rocking the boat, yet...comments so far included

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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