Reserve Bank of Australia's Governor Lowe facing questions in front of the House of Representatives' Standing Committee on Economics
the live link is here, click on this bit:
Lowe has made some remarks on the currency ... nothing surprising again (he's said this before recently):
- Would like A$ to be lower
- But find it hard to say A$ is overvalued
- If commodity prices appreciate, would expect A$ to rise as well
And, more, non-currency related:
- Says form of international tax competition around world, up to govt whether to respond to that
- Would be better if we did not have to compete on tax rates
And ...
- Market pricing for steady rates this year seems reasonable to me
- Would be better if unemployment bit lower, inflation bit higher
these Headlines via Reuters, but you can listen live at that link above
and more (via Bloomberg):
- Easing now would mean more borrowing, higher house prices
- Is it worth bit more growth at cost of medium-term risks?
- Risk is financial system more vulnerable with higher dent
Finally ... these are clear comments that further easing is not on the agenda at the RBA for now, and fits with his comments 2 days ago: RBA Lowe: Some signs debt levels are affecting household spending
