RBA Ellis: Australia's neutral rate a guide for policy, not a destination

Market news

11 October 2022

RBA Ellis: Australia's neutral rate a guide for policy, not a destination

Reserve Bank of Australia (RBA) Assistant Governor Luci Ellis has emphasised that the neutral rate was a moving target and hard to determine at any stage in time, which limited its usefulness for monetary policy.

He explained that Australia's neutral interest rate is at least 2.5% but is not the sole determinant of policy which should be driven by changing circumstances in the economy.

Meanwhile, AUD/USD is holding in a positive territory around 0.6275 as it slides out of trendline resistance:

Currencies. Daily history for Tuesday, October 11, 2022

Commodities. Daily history for Monday, October 10, 2022

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