RBA Governor: Will discuss the possibility of further expansionary measures

5 Feb 2020 10:39 AM

RBA Governor Philip Lowe indicated that the bank will constantly discuss the possibility of further expansionary measures in the coming period. His most prominent statements were as follows:
We discuss the risks of interest stability at low levels.
High unemployment rates and high inflation levels may cause the rate cut.
The current trend of inflation and job data is the right one.
Interest is already stable at low levels.
The rate cut will affect the Australian dollar and boost export demand.
Reducing interest will boost household spending and reduce debt.
We will closely and closely monitor loan developments.
It is too early to determine the effects of the spread of the Coronavirus, but we will be closely watching.
Unemployment is not the only data we watch in the labor market sector with high participation rates.