Reserve Bank Governor Philip Lowe says it is "not unreasonable" to expect that interest rates will get cut further this year, although no decision has been made.
"The board has not yet made a decision, but it is not unreasonable to expect a lower cash rate," Governor Philip Lowe said in an evening speech in Sydney. "Our latest set of forecasts were prepared on the assumption that the cash rate would follow the path implied by market pricing, which was for the cash rate to be around 1% by the end.
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Mr Lowe said banks have benefited from a reduction in raising funds in wholesale markets and so should pass on the lower cash rate in full with lower mortgages.
With this now in play we expect the RBA to cut the cash rate by 25 basis points to 1.25% at its June 4 policy meeting. This would take the RBA’s cash rate target to a new record low of 1.25%, after nearly three years on hold at 1.5%, following its last rate cut in August 2016.
Reserve Bank Governor Philip Lowe says it’s not unreasonable to expect more rate cuts – and has called on banks to pass the full cut on to their customers.
Aussie Dollar Gains as RBA’s Lowe Says Rates Can’t Be Low Forever. we could expect interest rates to rise, not least because of. He publicly doubted that lower rates would answer any of.
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Reserve Bank chief Philip Lowe, in an evening speech after taking the cash rate down to 1% earlier Tuesday, cited rising risks to global growth if uncertainty from the U.S.-China dispute that has.
RBA governor, Philip Lowe, speaks in Sydney – The board has not yet made a decision, much depends on labour market – Economic forecasts had assumed rates at 1% by year-end ForexLive By Justin Low.
RBA’s Lowe urges govt to support growth June 20, 2019 adamjacob 38 views 0 comments finance news australia Reserve Bank Governor Philip Lowe says it is "unrealistic" to expect a lower cash rate to boost growth on its own and has repeated his call for the government to support the economy with fiscal stimulus such as infrastructure investment.