Reserve Bank of Australia's Governor Lowe facing questions in front of the House of Representatives' Standing Committee on Economics
Here is a live link click on the link highlighted below:
On the downside, its totally SFW ....
Headlines via Reuters:
- Global picture much more positive
- Says we still expect the Australian economy to grow by around 3 per cent this year and next
- Ways watching closely the cycle in residential construction activity
- Says some tightening in conditions for property developers in some markets
- We do not expect the rate of inflation to fall further
- Paying close attention to trends in household borrowing and in the labour market
- Too much household borrowing today can create problems for tomorrow
- Expect that the unemployment rate will remain around its current level for a while yet
So far nothing here to surprise the markets (and I don't expect anything from Lowe in today's testimony .... but staying tuned in just in case)
AUD dormant ....
