RBA’s Lowe: Upside risk on inflation are very remote

Dhwani Mehta FXStreet

Further comments are out from the Reserve Bank of Australia (RBA) Governor Lowe, citing:

Rate cuts have a lesser impact than in the past.

But cuts still effective.

Upside risk on inflation are very remote.

Had long discussion at board meeting on impact of rate cuts on savers.

A lot of work to do before there is a Facebook crypto currency.

Very strong advocate for spending on infrastructure.

Govt can borrow at cheapest rates since federation.

Must be projects that can earn a rate of return above borrowing costs.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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