More comments from RBA deputy governor Lowe at the Goldman Sachs conference in Sydney

  • Still suspects A$ too high, but much closer to where it needs to be
  • Says monetary policy still working, still effective
  • Do have scope to lower rate if appropriate
  • Says much, much closer to appropriate level for A$ than in past couple of years
  • Says our intention is not to get A$ lower with policy, but to get economy going
  • Says will take time for macroprudential tools to have impact on borrowing
  • Cannot rely on macrorpudential tools to contain home prices, need more home supply

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Some interesting comments on the AUD there ... sending it higher.