Market news
02.07.2019, 10:17

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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