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- RBA Ellis: Australia's neutral rate a guide for policy, not a destination
RBA Ellis: Australia's neutral rate a guide for policy, not a destination
Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis has emphasised that the neutral rate was a moving target and hard to determine at any stage in time, which limited its usefulness for monetary policy.
He explained that Australia's neutral interest rate is at least 2.5% but is not the sole determinant of policy which should be driven by changing circumstances in the economy.
Meanwhile, AUD/USD is holding in a positive territory around 0.6275 as it slides out of trendline resistance:
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