Reserve Bank governor Philip Lowe: End of QE doesn't mean cash-rate rise imminent By ross_burland RBA AUDUSD CentralBanks
Reserve Bank of Australia governor Philip Lowe's speech on the economic outlook today to National Press Club is underway and can be followed and listened to live atLowe is speaking following yesterdays RBA interest rate decision and before the bank will release a full set of economic forecasts on Friday.Weathered economic storm better than expected. Optimistic about the country's prospects. Says achievement of our inflation, unemployment goals within sight.
"As the Board has stated previously, it will not increase the cash rate until actual inflation is sustainably within the 2 to 3% target range," RBA"While inflation has picked up, it is too early to conclude that it is sustainably within the target band." The dovish message sent the Aussie lower on the knee-jerk to 0.7033 though markets still think the RBA is behind the curve on inflation.AUD/USD Price Analysis: Bears are waiting to pounce from key higher time frame resistance structures
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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