Reserve Bank of Australia Deputy Governor Lowe:
- Further exchange rate fall would help economic transition
- Says recent rate cut to suppport consumer demand, home construction
- Not in Australia's interests to engineer debt-fuelled consumption boom
- Says "fairly fine line" to walk on rates, trying to strike prudent balance
- Missing factor domestically is still non-mining investment
- Sustained lift in non-mining invesment seems "some way off"
- Business setting too high a hurdle on new investment for low rate world
- Average return on savings globally to stay low for protracted periodmore to come
See full text: Managing Two Transitions


Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
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Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated
Jerome Powell Attends Supreme Court Hearing on Trump Effort to Fire Fed Governor, Calling It Historic
Why Trump’s new pick for Fed chair hit gold and silver markets – for good reasons
RBA Expected to Raise Interest Rates by 25 Basis Points in February, ANZ Forecast Says
Bank of Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence 



