RBA's governor Lowe: Recent rate cuts will help lower unemployment, reduce spare capacity

Market news

2 July 2019

RBA's governor Lowe: Recent rate cuts will help lower unemployment, reduce spare capacity

RBA is prepared to adjust interest rates again if needed
Will closely monitor how things evolve over the coming months
Board is aware that there are some downsides to lower rates
Sees options other than monetary easing, including fiscal support
Says AUD TWI at bottom-end of the range, helping to support the economy

ECB policymakers see no need to rush into July rate cut - Bloomberg reports, citing officials familiar with the matter

RBNZ: August cut is mostly priced in - TDS

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