More Lowe: To get inflation to target in 2024 would require substantially higher rates…

<p>More from RBAs Lowe:</p><ul><li>To get inflation to target in 2024 would require substantially higher rates and not be in the national interest.</li><li>Understandable that community thinks peak for rates is now or close at hand</li></ul><p>The RBA has kept the rate steady at 4.10% for two consecutive meetings including more recently on August 1. The last time the central bank changed policy was on June 6 when they raised rates from 3.85% to 4.10%.</p><p>The AUDUSD is not impacted by the comments as the AUDUSD remains in a 9 pip trading range for the day. It is not alone:</p><ul><li>EURUSD 10 pips</li><li>GBPUSD 13 pips</li><li>USDJPY 23 pips</li><li>USDCHF 16 pips</li><li>USDCAD 16 pips</li><li>NZDUSD 18 pips.</li></ul>

This article was written by Greg Michalowski at www.forexlive.com.