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Just casting my eyes back over RBA Governor.....>

RBA
RBA: Just casting my eyes back over RBA Governor Lowe's comments he used the
phrase "whether or not further monetary easing is needed, it is reasonable to
expect an extended period of low interest rates."
- The use of the word "extended" is very Draghi-esque, but has also been
employed by BoJ Governor Kuroda.
- Lowe was quick to suggest that the RBA isn't moving towards an era of forward
guidance, but that language could of course be viewed in that manner. Lowe also
highlighted that he is trying to be as transparent as possible re: MonPol when
batting away the idea of forward guidance in the Q&A.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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