RBA’s Lowe: Not unreasonable to expect a lower cash rate from here

RBA’s Lowe: Not unreasonable to expect a lower cash rate from here "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%.

But Lowe is sticking. monthly decision on interest rates. The board is meeting in Sydney and a decision is expected at 2.30pm. The big question is whether or not the board will cut the rate from it.

"Are interest rates going to be reduced further? The answer here is that the board has not yet made a decision, but it is not unreasonable to expect a lower cash rate," Dr Lowe said. "Our latest set.

Rate decision was not in response to deterioration in outlook since May. easing aimed at spurring jobs growth, lifting inflation. Rate cut is to lead lower AUD than otherwise would have been the case.

Meanwhile, Mr Lowe said it was "not unreasonable" to expect that interest rates will be cut further this year, though no decision has been made. "Much will depend on how the evidence evolves, especially on the labour market," Mr Lowe said in a speech to the business community on Tuesday night.

While he said it was difficult to be precise, ”the cash rate today is in the order of 1.5 percentage points lower than it would have. However, Dr Lowe also said bank shareholders could not expect.

The answer here is that the board has not yet made a decision, but it is not unreasonable to expect a lower cash rate," he said.. lowest rate in history to tumble further, Dr Lowe says it isn.

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New squeeze on big banks After a raft of countries across eastern europe put the squeeze on banks. was willing to discuss new taxes. Hours later he vehement denied the report. Now his plan for a National Development Fund.

Reserve Bank Governor Philip Lowe says it’s not unreasonable to expect more rate cuts – and has called on banks to pass the full cut on to their customers.

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