Reserve Bank of Australia Governor Phillip Lowe has said that the central bank is prepared to do more if necessary.
Key Comments:
Lends a lot attention to asset prices and household debt.
There remains a high degree of uncertainty about the outlook.
Unemployment is a greater risk than excess debt.
The economic outlook is significantly better than 3 months ago.
Unemployment is likely to peak above 7%, but we need to get above 4% to increase inflation.
Rates will not be adjusted until inflation is in the 2-3% range.
The mind is open to expand the purchase of QE bonds.
You will observe the economy and what the other central banks are doing.
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