RBA optimism boosts dollar

Original article by David Rogers
The Australian – Page: 17 & 27 : 6-Feb-20

The odds of an official interest rate cut in the near-term have lengthened, with financial market pricing now implying that rates will be on hold until September. Meanwhile, the Australian dollar rebounded from its recent four-month low in response to a speech by Reserve Bank governor Philip Lowe on 5 February. He said the bushfires will have little impact on Australia’s overall economic growth in 2020, due to expenditure on recovery programs. However, he conceded that GDP growth will fall in the short-term. Lowe added that it is too soon to determine the likely economic impact of the coronavirus.

CORPORATES
RESERVE BANK OF AUSTRALIA

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