RBA’s Lowe: Next move in interest rates will be up - ANZ

Analysts at ANZ note that in a speech at the Australian Business Economists’ annual dinner last night, RBA Governor Lowe stated that “If the economy continues to improve as expected, it is more likely that the next move in interest rates will be up, rather than down.”

Key Quotes

“He added, “But the continuing spare capacity in the economy and the subdued outlook for inflation mean that there is not a strong case for a near-term adjustment in monetary policy.”