RBA’s Lowe: It would be better if the AUD was a bit lower

More comments flowing in from the RBA Governor Lowe are as under:
Average wage growth of 2% will struggle to generate CPI at 2.5%
Higher power prices are hurting business and investment
Increase in electricity prices will have a significant effect on CPI, will take that into account
Weak wage expectations are dragging on consumption
Very comfortable with current setting of policy
It would be better if the AUD was a bit lower
RBA is not overestimating level of neutral rate
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.

















