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Breaking: RBA Lowe says economy still passing through “gentle turning point” for the better

This is a developing story

RBA Governor Philip Lowe is speaking on “The Year Ahead” at the National Press Club, Sydney today.

Markets are looking for further clarification since the RBS's rate decision yesterday and surprise optimism about the economic outlook which lifted AUD crosses through stops, triggering a huge bid in the Aussie.

Key comments

  • 04-Feb-2020 19:30:00 - RESERVE BANK OF AUSTRALIA GOV LOWE SAYS ECONOMY STILL PASSING THROUGH "GENTLE TURNING POINT" FOR THE BETTER
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS BOARD CONTINUES TO DISCUSS MERITS OF FURTHER MONETARY STIMULUS
  • 04-Feb-2020 19:30:00 - RBA'S LOWE: BOARD BALANCING RISKS OF FURTHER CUTS VS COSTS OF VERY LOW RATES
  • 04-Feb-2020 19:30:00 - RBA'S LOWE: WOULD SEE "STRONGER CASE" FOR EASING IF UNEMPLOYMENT TRENDS HIGHER, INFLATION STAYS LOW
  • 04-Feb-2020 19:30:00 - RBA'S LOWE: RECENT INFLATION, JOBS DATA SHOW THINGS MOVING IN RIGHT DIRECTION, IF GRADUALLY
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS RATES ALREADY VERY LOW, POLICY HAS LONG AND VARIABLE LAGS
  • 04-Feb-2020 19:30:00 - RBA'S LOWE: FURTHER RATE CUTS WOULD HAVE EFFECT ON A$, BOOST DEMAND FOR EXPORTS
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS RATE CUT WOULD HELP HOUSEHOLDS ADJUST TO HIGH DEBT LEVELS
  • 04-Feb-2020 19:30:00 - RBA'S LOWE: BUT HAVE CONCERNS ABOUT EFFECT OF VERY LOW RATES ON RESOURCE ALLOCATION
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS RISK LOW RATES COULD ENCOURAGE BORROWING WHEN HOME PRICES ALREADY RISING
  • 04-Feb-2020 19:30:00 - RBA'S LOWE: AWARE OF RISK OF TOO MUCH BORROWING DRIVING EXCESSIVE ASSET VALUATIONS
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS WILL CONTINUE TO WATCH BORROWING, IN PARTICULAR, VERY CAREFULLY
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS BUSHFIRES TO CUT GDP GROWTH BY AROUND 0.2 PCT POINTS ACROSS THIS QUARTER AND LAST
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS GDP GROWTH FOR 2020 AS A WHOLE WILL BE LARGELY UNAFFECTED BY BUSHFIRES
  • 04-Feb-2020 19:30:00 - RBA'S LOWE SAYS TOO EARLY TO TELL WHAT OVERALL IMPACT OF CORONAVIRUS WILL BE, WATCHING CLOSELY
  • 04-Feb-2020 19:30:00 - RBA'S LOWE: LOW RATES MAKE IT EASIER FOR PUBLIC, BUSINESS SECTORS TO CONTEMPLATE LONG-TERM INVESTMENTS

More to come...

 

 

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