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Lowe notes that "another monetary option that...>

RBA
RBA: Lowe notes that "another monetary option that has been used elsewhere is to
intervene in the foreign exchange market. The evidence here is that when the
exchange rate is broadly in line with its economic fundamentals, as the
Australian dollar is currently, this approach has limited effectiveness. It can
also involve substantial financial risks to the public balance sheet and
complicate international relationships. So this too is not a direction we need
to head in."
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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