Participating in a panel discussion about COVID-19 and the global economy at the Australia National University Crawford Leadership Forum on Monday, the Reserve Bank of Australia (RBA) Governor Phillip Lowe made some comments on the exchange rate value while leaving doors open for further easing.
Key quotes
Still have monetary policy measures to use.
Not at point where the A$ is a problem.
Would like to see a lower A$ at some point.
Hard to argue A$ is overvalued.
Not surprising to see A$ where it is, though would like to see it lower.
Monetary policy framework serves us well, might need to look at it in future.
Likely to see interest rates at current levels for years.
Rates would remain low whatever monetary policy framework we had.
more to come …
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