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 Japan Signals Cautious Path Toward Further Rate Hikes Amid Yen Weakness
Bank of England Expected to Hold Interest Rates at 3.75% as Inflation Remains Elevated
ECB’s Cipollone Backs Digital Euro as Europe Pushes for Payment System Independence
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 



