The Reserve Bank of Australia (RBA) Governor Philip Lowe, in his speech at the day 3 of the Jackson Hole Symposium, called on the governments to do to stimulate growth.
We are experiencing a period of major political shocks.
Political shocks are turning into economic shocks.
Central banks have a limited and partly exhausted arsenal of tools to fight back.
Monetary policy cannot deliver medium-term growth.
We risk just pushing up asset prices.
Called for investment in infrastructure and structural reforms.
Lowe’s comments had little cues on the Australian monetary policy outlook and therefore, unlikely to have any impact on the local currency, the Aussie dollar, which is likely to see a big opening bearish gap amid US-China trade escalation.
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.