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Bullish Price Sequence

RBA
MNI (London)
RBA: The RBA would consider a move to quantitative easing if official rates were
lowered to 0.25%, although such a move isn't currently on the agenda, RBA
Governor Philip Lowe said Tuesday. Speaking on "Unconventional Monetary Policy:
Some lessons from overseas", Lowe said if needed (and emphasising the if) QE in
the form of government bond buys in the secondary market would be the preferred
policy for Australia, saying negative rates would be extremely unlikely in
Australia, questioning their success elsewhere. Lowe said the "threshold" for QE
in Australia had not yet been reached and he didn't "expect it to be reached in
the near future." Conventional monetary policy was still working well and was
being transmitted through to the exchange rate, asset prices and a boost to
household income.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com