Lowe says monetary support needs to be maintained until people get jobs and higher wages

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The Reserve Bank of Australia (RBA) must maintain monetary support until people get jobs and wages go upGovernor Philip Lowe said in a question and answer session after his “Next Year” speech at the National Press Club of Australia conference, Canberra.

Additional comments:

The tax response has been incredibly important in recovery.

Borrow more money it is exactly what to do.

Expect the government to respond with more fiscal stimulus if necessary.

World central banks they are not in a cold war in currencies.

You are not particularly concerned about asset prices going too high right now.

The laws of supply and demand in the labor market still work.

Regulators are prepared to intervene in the mortgage loans if necessary, but not now.

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