Reserve Bank Governor Philip Lowe says it is "not unreasonable" to expect that interest rates will get cut further this year, although no decision has been made. "Much will depend on how the evidence evolves, especially on the labour market," Mr Lowe said in a dinner speech to the business community on Tuesday night.

Reserve Bank Governor Philip Lowe says it is "not unreasonable" to expect that interest rates will get cut further this year, although no decision has been made. "Much will depend on how the.

Reserve Bank Governor Philip Lowe says it is "not unreasonable" to expect that interest rates will get cut further this year, although no decision has been made. "Much will depend on how the evidence evolves, especially on the labour market," Mr Lowe said in a dinner speech to the business community on Tuesday night.

The RBA has lowered official interest rates to just one percent, the first time. It is the second rate cut in two months, after the RBA had kept the cash rate steady. period of low income growth and declining housing prices," Lowe said.. “We do expect the banks to pass on in full to the Australian people the.

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Given that it was largely priced in, the reaction was limited. Later in the day, RBA Governor Lowe said that is not unreasonable to expect lower cash rates from here, opening doors for further rate.

The Reserve Bank of Australia (RBA) reduced its benchmark cash rate to 1% following back-to-back easings in June and July. It has since pledged to keep rates low for longer, sending yields across the.

In a speech late on Tuesday, RBA Governor Philip Lowe said it was “not unreasonable” to expect a lower cash rate from here, signalling the.

"The board has not yet made a decision, but it is not unreasonable to expect a lower cash rate," Governor Philip Lowe said in an evening speech in Sydney. "Our latest set of forecasts were prepared on the assumption that the cash rate would follow the path implied by market pricing, which was for the cash rate to be around 1% by the end.

Macquarie, JPMorgan, RBC, ANZ, UBS, Morgans, Capital Economics, Citi, TD Securities and Nomura now forecast a 25 basis point cut in the official cash rate next week. This would take the official rate.