Original article by David Rogers
The Australian – Page: 21 & 29 : 26-Jul-19

Financial markets have priced in a 93 per cent chance of an official interest rate cut in October, after Reserve Bank of Australia governor Philip Lowe indicated that the cash rate will remain low for some time. He also reiterated the central bank’s commitment to inflation targeting, and said the cash rate is unlikely to rise until the RBA is confident that inflation will return to around the midpoint of the target range of 2-3 per cent. The Australian dollar fell to a two-week low in response to Lowe’s comments, while the yield on 10-year bonds reached a record low.

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