Bullock Speech: RBA Governor speaks on policy outlook after lowering interest rate
Reserve Bank of Australia (RBA) Governor Michele Bullock is speaking at the press conference, explaining the reason behind trimming the key interest rate by 25 basis points (bps) to 3.6% in the August policy meeting.
Bullock is taking questions from the press as part of a new reporting format introduced by the central bank this year.
Key quotes from the RBA press conference
Forecasts imply cash rates might need to be lower for price stability.
Dont put a lot of emphasis on neutral rate.
Board will take things meeting by meeting.
No promises on what the RBA will deliver on rates if financial markets face volatility bout.
Have been watching house prices.
Would not rule out back to back rate cuts.
Will assess rates at every meeting.
Policy is forward looking, assumes we can continue to lower rates.
Source : Fxstreet