Speaking at a business dinner in Sydney, Philip lowe sought. interest rates going to be reduced further?" he told the audience. "The answer here is that the board has not yet made a decision, but.
Reserve Bank Governor Philip Lowe says it is "not unreasonable" to expect that interest rates will get cut further this year, although no decision has been made.
The Reserve Bank of Australia (RBA) Governor Phillip Lowe is on the wires now, making a scheduled speech at the rba board dinner with the business community. It’s worth noting that the RBA cut its Official Cash Rate (OCR) by 0.25bps to a record low of 1.25% at the June monetary policy meeting held earlier this Tuesday.
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Reserve Bank Governor Philip Lowe says it is unrealistic to expect a lower cash rate to boost growth on its own and has repeated his call for the government to support the economy with fiscal.
The RBA has lowered official interest rates to just one percent, the first time the rate. Reserve Bank Drops Interest Rates To Even Lower Historic Low. with the medium-term target," RBA governor Philip Lowe said in a statement.. if retail banks fully pass on Tuesday's 25-basis-point cut in the cash rate.
"The board has not yet made a decision, but it is not unreasonable to expect a lower cash rate," Governor Philip Lowe said in an evening speech in Sydney. "Our latest set of forecasts were prepared on the assumption that the cash rate would follow the path implied by market pricing, which was for the cash rate to be around 1% by the end of the year."
RBA’s Lowe: Not unreasonable to expect cash rate lower from here, Aussie holds steady Read more on https://www.fxstreet.com Markets One News Page: Tuesday, 4 June 2019
The answer here is that the Board has not yet made a decision, but it is not unreasonable to expect a lower cash rate. Our latest set of forecasts were prepared on the assumption that the cash rate would follow the path implied by market pricing, which was for the cash rate to be around 1 per cent by the end of the year.
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