RBA Lowe says its possible the cash rate will be 0.25% for the next 5 years...from kirk

14 Aug 2020, 16:00 · Views 1,384

Reserve Bank of Australia Governor Philip Lowe is appearing in front of the Parliament's House of Representatives' Standing Committee on Economics

says its possible the cash rate will be 0.25% for the next 5 years
hopes it will not be that low for that long but its possible
its possible the cash rate could be lowered to 0.1% but not at the point where easier policy would help

Earlier from the Gov:

RBA Gov Lowe says not expecting a lift in economic growth until December quarter

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The recent up move in USD/JPY was on the back of declining open interest and volume in the Japanese safe haven. That, coupled with declining prices, opens the door for a potential correction lower in spot to, initially, the 106.00 neighbourhood.

kirk