RBA’s Lowe: Not reasonable to expect cash rate lower from here, Aussie holds steady

The Reserve Bank of Australia (RBA) Governor Phillip Lowe is on the wires now, making a scheduled speech at the RBA Board Dinner with the business community.

It’s worth noting that the RBA cut its Official Cash Rate (OCR) by 0.25bps to a record low of 1.25% at the June monetary policy meeting held earlier this Tuesday.