RBA’s Lowe: Closer now to estimates of neutral

Reserve Bank of Australia (RBA) Governor Philip Lowe is responding to the Q&A at the Anika Foundation Fundraiser on Thursday.

Key quotes

Neutral cash rate is at least 2.5%.

Closer now to estimates of neutral.

Market reaction

At the time of writing, AUD/USD is keeping its range at around 0.6720, as Lowe’s Q&A is underway. The spot is down 0.70% on the day.

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