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RBA's Lowe reiterates easing bias

Comments from RBA deputy governor Lowe:

  • Low global rates have pushed up Australian asset prices
  • High asset prices help economy, need to watch carefully
  • RBA board noted further easing may be appropriate 
  • Businesses saying lower A$ opening up new opportunities
  • Signs A$ depreciation is boosting domestic activity
  • Australian monetary policy still working; helping economy
  • Upward A$ pressure has complicated economic transition
  • Higher A$, lower interest rate due to global developments
  • Market Data
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