RBA Lowe says its possible the cash rate will be 0.25% for the next 5 years... dari kirk

14 Aug 2020, 16:00 · Views 1,962

Reserve Bank of Australia Governor Philip Lowe is appearing in front of the Parliament's House of Representatives' Standing Committee on Economics

says its possible the cash rate will be 0.25% for the next 5 years
hopes it will not be that low for that long but its possible
its possible the cash rate could be lowered to 0.1% but not at the point where easier policy would help

Earlier from the Gov:

RBA Gov Lowe says not expecting a lift in economic growth until December quarter

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USD/JPY dropped and rebounded from new 2019 lows in the mid-104.00s yesterday in tandem with falling open interest and the continuation of the uptrend in volume.

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Japan's core consumer price index (CPI), which includes oil products but excludes fresh food prices, rose 0.6% in July year-on-year, as expected, matching the previous month's gain, which was the slowest pace since July 2017. Back then, the core CPI had climbed by 0.5%. The data will likely add to the pressure on the BOJ to ease further. The Yen has already come under pressure in the last few minutes - USD/JPY is currently trading at 106.50, having hit a low of 106.38 earlier today.

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