Reserve Bank of Australia Governor Lowe, in the Q&A following his speech:

  • APRA measures help give breathing space

(Lowe referring to macroprudential tools adopted by the prudential authority)

  • We've needed low interest rates given economic situation
  • Some of RBA staff have argued for even lower rates
  • Lower rates would increase imbalances in the system
  • Not to say rates can't go lower at some point
  • Don't address housing affordability by adding to demand

Lowe speech earlier: RBA Governor Lowe: Over time expect rates to rise in Australia