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Lowe: After considering this balance, the.......>

RBA
RBA: Lowe: After considering this balance, the Board decided to maintain the
cash rate unchanged. We recognise, though, that the nature of this balance
between benefits and risks can change over time and it is dependent upon the
state of the economy. If the unemployment rate were to be moving materially in
the wrong direction and there was no further progress being made towards the
inflation target, the balance of arguments would tilt towards a further easing
of monetary policy. So we are continuing to watch the labour market carefully,
as we seek to strike the right balance in the interests of the community as a
whole.
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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