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Nothing Meaningful From Governor Lowe

RBA

Highlights from RBA's Governor Lowe's panel discussion, which failed to provide anything fresh (which was a bit of a given on the back of the recent deluge of RBA communique):

  • The Australia economy is on the road back, but it is going to take time and the recovery is uneven.
  • Lowe plays down question surrounding worry of housing bubble, pointing to lower rates supporting house prices and positive knock on impacts for confidence.
  • Maintained a focus on promoting borrowing now to create growth in the future, with the need for entrepreneurial spirit.
  • Stressed mutual benefits of relations with China.
  • Some short comments surrounding the positive impact of digitalisation on productivity.
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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