Breaking: RBA Lowe says economy still passing through “gentle turning point” for the better

• 04-Feb-2020 19:30:00 – RESERVE BANK OF AUSTRALIA GOV LOWE SAYS ECONOMY STILL PASSING THROUGH “GENTLE TURNING POINT” FOR THE BETTER
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS BOARD CONTINUES TO DISCUSS MERITS OF FURTHER MONETARY STIMULUS
• 04-Feb-2020 19:30:00 – RBA’S LOWE: BOARD BALANCING RISKS OF FURTHER CUTS VS COSTS OF VERY LOW RATES
• 04-Feb-2020 19:30:00 – RBA’S LOWE: WOULD SEE “STRONGER CASE” FOR EASING IF UNEMPLOYMENT TRENDS HIGHER, INFLATION STAYS LOW
• 04-Feb-2020 19:30:00 – RBA’S LOWE: RECENT INFLATION, JOBS DATA SHOW THINGS MOVING IN RIGHT DIRECTION, IF GRADUALLY
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS RATES ALREADY VERY LOW, POLICY HAS LONG AND VARIABLE LAGS
• 04-Feb-2020 19:30:00 – RBA’S LOWE: FURTHER RATE CUTS WOULD HAVE EFFECT ON A$, BOOST DEMAND FOR EXPORTS
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS RATE CUT WOULD HELP HOUSEHOLDS ADJUST TO HIGH DEBT LEVELS
• 04-Feb-2020 19:30:00 – RBA’S LOWE: BUT HAVE CONCERNS ABOUT EFFECT OF VERY LOW RATES ON RESOURCE ALLOCATION
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS RISK LOW RATES COULD ENCOURAGE BORROWING WHEN HOME PRICES ALREADY RISING
• 04-Feb-2020 19:30:00 – RBA’S LOWE: AWARE OF RISK OF TOO MUCH BORROWING DRIVING EXCESSIVE ASSET VALUATIONS
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS WILL CONTINUE TO WATCH BORROWING, IN PARTICULAR, VERY CAREFULLY
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS BUSHFIRES TO CUT GDP GROWTH BY AROUND 0.2 PCT POINTS ACROSS THIS QUARTER AND LAST
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS GDP GROWTH FOR 2020 AS A WHOLE WILL BE LARGELY UNAFFECTED BY BUSHFIRES
• 04-Feb-2020 19:30:00 – RBA’S LOWE SAYS TOO EARLY TO TELL WHAT OVERALL IMPACT OF CORONAVIRUS WILL BE, WATCHING CLOSELY
• 04-Feb-2020 19:30:00 – RBA’S LOWE: LOW RATES MAKE IT EASIER FOR PUBLIC, BUSINESS SECTORS TO CONTEMPLATE LONG-TERM INVESTMENTS

More to come…