Worth flagging that Lowe's comments re:.........>

RBA: Worth flagging that Lowe's comments re: extraordinary measures had some

focus on "a package" of measures, with focus on goings on abroad (highlighting

the notable measures taken across the major global central banks in the last 10

or so years). Lowe also noted that clear evaluations of those measures cannot be

drawn as the respective Banks are a long way from unwinding the measures.

- In a hypothetical situation Lowe put a focus on lowering the cash rate to as

low a possible level and, if warranted, lowering the longer term risk free rates

along the term spectrum. Suggested some of the other measures that have been

employed elsewhere "perhaps wouldn't be appropriate."

- Said hard to distinguish between transparency and forward guidance, was then

grilled on the Bank's transparency, which he vigorously defended.

- He reiterated that he views unconventional MonPol as an unlikely scenario for

the the RBA.