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
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
BOJ Policymakers Warn Weak Yen Could Fuel Inflation Risks and Delay Rate Action
Fed Confirms Rate Meeting Schedule Despite Severe Winter Storm in Washington D.C.
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated
MAS Holds Monetary Policy Steady as Strong Growth Raises Inflation Risks
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 



