FOREX TradingCharts.com

Financial News: RBA Chief Says Negative Interest Rates Extraordinarily Unl

RBA Chief Says Negative Interest Rates Extraordinarily Unlikely

10/18/2019 - 02:36:00 (RTTNews)

(RTTNews) - Reserve Bank of Australia Governor Philip Lowe said negative interest rates are extraordinarily unlikely.

"I'm not going to speculate on negative interest rates or quantitative easing in Australia, other than to say negative interest rates are extraordinarily unlikely in my country," he told a forum at the International Monetary Fund's annual meeting in Washington.

"I don't think it's the right assumption to make that we are going to have a lot more work to do to get inflation back to target and growth back to trend," he said.

The economy has been through a very soft patch over the last year but it is gradually improving and lower interest rates are working. He expects Australia to return to trend growth over the next year.

Further, he noted that housing market has turned around, which is set to support household consumption.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2019 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


New Zealand Credit Card Spending Data Due On Thursday (05 hr(s), 26 min(s), 02 sec(s) ago)
(RTTNews) - New Zealand will on Thursday release October numbers for credit card spending, highlig ...Full Story»

Fed Minutes Reinforce Expectations Of Interest Rates On Hold (08 hr(s), 28 min(s), 02 sec(s) ago)
(RTTNews) - Minutes from the Federal Reserve's monetary policy meeting held in late October we ...Full Story»

German ECB Board Nominee Schnabel Says Harmful, Wrong Narratives Threaten Euro (13 hr(s), 28 min(s), 02 sec(s) ago)
(RTTNews) - Isabel Schnabel, Germany's nominee to the European Central Bank's Executive Bo ...Full Story»

ECB's Lane Dismisses Eurozone Recession Talk, Sees Recovery Next Year Or Two (13 hr(s), 48 min(s), 02 sec(s) ago)
(RTTNews) - Eurozone's economy is growing more slowly than expected, but is unlikely to enter ...Full Story»

Greece Current Account Surplus Rises (14 hr(s), 28 min(s), 02 sec(s) ago)
(RTTNews) - Greece's current account surplus in September grew from a year ago, helped by an i ...Full Story»

ECB Says Non-Banks Raised Exposure To Credit, Exchange Rate Risks (16 hr(s), 02 min(s), 02 sec(s) ago)
(RTTNews) - The euro area financial stability environment remains challenging and non-banks have i ...Full Story»

Singapore Wholesale Trade Rises In Q3 (16 hr(s), 23 min(s), 02 sec(s) ago)
(RTTNews) - Singapore wholesale trade rose in the third quarter, figures from the Department of St ...Full Story»

Sweden Capacity Utilization Rises In Q3 (16 hr(s), 29 min(s), 02 sec(s) ago)
(RTTNews) - Sweden's capacity utilization rose further in the third quarter, figures from Stat ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

New Zealand Credit Card Spending Data Due On Thursday

11/20/2019 - 17:32 PM (RTTNews)
(RTTNews) - New Zealand will on Thursday release October numbers for credit card spending, highlig ...Full Story>>

Fed Minutes Reinforce Expectations Of Interest Rates On Hold

11/20/2019 - 14:30 PM (RTTNews)
(RTTNews) - Minutes from the Federal Reserve's monetary policy meeting held in late October we ...Full Story>>

German ECB Board Nominee Schnabel Says Harmful, Wrong Narratives Threaten Euro

11/20/2019 - 09:30 AM (RTTNews)
(RTTNews) - Isabel Schnabel, Germany's nominee to the European Central Bank's Executive Bo ...Full Story>>

ECB's Lane Dismisses Eurozone Recession Talk, Sees Recovery Next Year Or Two

11/20/2019 - 09:10 AM (RTTNews)
(RTTNews) - Eurozone's economy is growing more slowly than expected, but is unlikely to enter ...Full Story>>

Greece Current Account Surplus Rises

11/20/2019 - 08:30 AM (RTTNews)
(RTTNews) - Greece's current account surplus in September grew from a year ago, helped by an i ...Full Story>>
Copyright © 2019. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.