Headlines from Reuters:
- Lowe says still have monetary policy measures to use
- says not at point where the AUD is a problem
- would like to see a lower AUD at some point
- hard to argue AUD is overvalued
- not surprising to see AUD where it is, though would like to see it lower
- monetary policy framework serves us well, might need to look at it in future
- likely to see interest rates at current levels for years
- says rates would remain low whatever monetary policy framework we had
- says will do whatever it takes on policy
Why is it so hard for the RBA to talk down the AUD? Most fair value models have it way too high. Westpac for example:
