The Reserve Bank of Australia (RBA) has the capacity to reduce its policy rate one more time, RBA Deputy Governor Debelle said on Wednesday. “Beyond that, we will have to consider quantitative easing (QE),” Debelled added. “I don’t think negative interest rates are something that would be contemplating.” Commenting on the upbeat GDP data, Debelle noted that it is consistent with their view of a “gentle turning point” in the economy. AUD/USD reaction The AUD/USD pair inched slightly lower on these comments but continues to cling to its daily gains. As of writing, the pair was up 0.5% on the day at 0.6615. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next New Zealand: RBNZ to cut in March and May – Standard Chartered FX Street 3 years The Reserve Bank of Australia (RBA) has the capacity to reduce its policy rate one more time, RBA Deputy Governor Debelle said on Wednesday. "Beyond that, we will have to consider quantitative easing (QE)," Debelled added. "I don't think negative interest rates are something that would be contemplating." Commenting on the upbeat GDP data, Debelle noted that it is consistent with their view of a "gentle turning point" in the economy. AUD/USD reaction The AUD/USD pair inched slightly lower on these comments but continues to cling to its daily gains. As of writing, the pair was up 0.5% on the day at 0.6615. Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
