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- RBA's governor Lowe: Recent rate cuts will help lower unemployment, reduce spare capacity
RBA's governor Lowe: Recent rate cuts will help lower unemployment, reduce spare capacity
- RBA is prepared to adjust interest rates again if needed
- Will closely monitor how things evolve over the coming months
- Board is aware that there are some downsides to lower rates
- Sees options other than monetary easing, including fiscal support
- Says AUD TWI at bottom-end of the range, helping to support the economy
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