RBA’s Lowe: Stimulatory policy continues to be appropriate

The Reserve Bank of Australia (RBA) Governor Philip Lowe is out on the wires now, via Reuters, making a scheduled speech at the Reserve Bank Board Dinner, in Brisbane.

Key Headlines:

Stimulatory policy continues to be appropriate

RBA has not sought to overly engineer, fine-tune things   

Lower rates would add to risk in household balance sheets

Appreciating A$ wouldn't be helpful for tourism, education

Not in the public interest to encourage more borrowing

Inflation at mid-point of target band

Expects inflation and wages to pick up gradually