February 6, 2019 / 2:41 AM / 3 months ago

Australia central bank governor says scenarios on next rate move equally balanced

SYDNEY (Reuters) - Australia’s top central banker said on Wednesday he was confident lower rates would stimulate the country’s economy, if needed.

The scenario for the next move in interest rates was roughly equally balanced, meaning it could go in either direction depending on the strength of the labour market and inflation, Reserve Bank of Australia (RBA) Governor Philip Lowe said.

Lowe was responding to media questions following a speech in Sydney where he signalled interest rates could go lower, a shift in the RBA’s long-held stance that sent the local dollar sliding.

Reporting by Swati Pandey; editing by Richard Pullin

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below