RBA Gov Lowe to speak in ~50 mins. We will......>

RBA: RBA Gov Lowe to speak in ~50 mins. We will put out comments at 9:05GMT.

- He has spoken on unconventional MonPol to the House of Representative's

Standing Committee.

- Expect him to point towards a package of measures as being most effective, as

he has done previously.

- RBA against negative rates. Previous communique pointed to QE & maybe TLTRO

like facility as most likely, if needed.

- Still plenty of headline risk apparent owing to market interpretation, but

given the fact that his testimony in front of the Standing Committee touched on

lessons from abroad often market may find itself somewhat disappointed come the

end of the speech.