Australia still has room for lower interest rates: RBA
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
[SYDNEY] A top Australian central banker on Monday said there was still scope to lower interest rates if needed, but declined to offer any guidance on whether a further move might be likely.
Reserve Bank of Australia (RBA) Deputy Governor Philip Lowe said the central bank had a policy of not providing future guidance in months when it had moved rates, as it did in early May.
Answering questions at a corporate finance forum, Lowe said there was still scope to ease but the bank wanted to concentrate on assessing the impact of its latest move.
The RBA cut rates a quarter point to a record low of 2 per cent at its May 5 policy meeting.
REUTERS
Share with us your feedback on BT's products and services
TRENDING NOW
Vietnam formalises new state leadership, redefining ‘four pillars’ power balance
‘Largest Singapore commercial S-Reit proxy’: analysts say buy CICT shares after Paragon acquisition
From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?
Why where you park your joint venture matters: Lessons from a US$689 million shareholder dispute
