RBA Lowe: Negative rates and FX intervention are not directions to head in
<p>RBA Governor Philip Lowe reiterated in a speech that “there has been no change to the Board’s view that negative interest rates in Australia are extraordinarily unlikely”. Negative interest rates would come with costs and causes “stresses in the financial system”. They would also “encourage people to save more rather than spend more”. It’s “not […]</p>
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