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