RBA's Lowe says "more likely" next move in rates is up rather than down. AUD/USD rally

Market news

21 November 2017

RBA's Lowe says "more likely" next move in rates is up rather than down. AUD/USD rally

Board paying more attention to weak growth in wages, household incomes
This means that a continuation of accommodative monetary policy is appropriate
But still short of full employment, inflation to remain below average for some time yet
More confident that economy will pick up as expected, weakening case for lower rates
Household consumption held back by weak income growth, high debt
Gentle upswing in business investment underway, forward indicators suggest will

Bank of England MPC's Vlieghe says if you wait until all the signs line up to support a rate rise, you will almost certainly be too late

UK public sector net borrowing decreased by £4.1 billion to £38.5 billion in the current financial year-to-date

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