More from RBA Gov Lowe says the Bank is closer to normal setting for rates

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More from RBA Gov Lowe says the Bank is closer to normal setting for rates

<p>More from Reserve Bank of Australia Governor Lowe, testifying in parliament today:</p><ul><li> Australia in a much better position than the Fed because wages are still contained</li><li>Outlook for the global economy is very weak</li><li>Closer to normal setting on rates</li><li>Next board meeting will consider whether to hike by 25bp or 50bp</li><li>At some point will not need to hike by 50bp, getting closer to that point</li><li>Data on Australian economy suggests economy doing very well</li><li>Would not surprise if house prices fell by 10% from their peak</li></ul><p>Earlier:</p><ul><li><a href="https://www.forexlive.com/centralbank/rba-gov-lowe-says-inflation-is-too-high-20220915/" target="_blank" data-article-link="true">RBA Gov. Lowe says inflation is too high</a></li></ul><p>Lowe's further remarks are still not providing much clarity on if the rate hike at the Bank's October 4 meeting will be 25bp or 50bp, Indeed, Lowe specifically says that question is one to be considered at the meeting. </p><p>Reading between the lines I'd punt on 25 based on these remarks though. Others might disagree though. </p><p>---</p><p>aud</p>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: More from RBA Gov Lowe says the Bank is closer to normal setting for rates

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