Reserve Bank of Australia Deputy Governor Philip Lowe: further interest rate cut by the RBA is possible if needed

Market news

18 May 2015

Reserve Bank of Australia Deputy Governor Philip Lowe: further interest rate cut by the RBA is possible if needed

The Reserve Bank of Australia (RBA) Deputy Governor Philip Lowe said in Melbourne on Monday that low interest rate in Australia to support spending and help a transition from mining investment.

He noted that borrowers should not take too much debt.

Lowe pointed out that further interest rate cut by the RBA is possible if needed. He added that lower Australian dollar will help the Australian economy.

Gold price traded higher on the weaker-than-expected U.S. economic data

NAHB housing market index declines to 54 in May

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