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Add as a preferred source on Google RBA Deputy Governor Lowe: further exchange rate fall would be helpful 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-…
By FxWirePro Team May 17, 2015, 11:55 PM UTC
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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
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