RBA Prepared to Relieve Further, Negative Rates Unlikely, Lowe Says

RBA Prepared Lowe, to Relieve Negative Rates Unlikely Says 3(Bloomberg) — Australian central bank chief Philip Lowe reiterated he’s prepared to ease policy further when desired, but pushed back against the idea of interest rates turning negative in his market. The Reserve Bank’s board has significantly decreased borrowing costs three times in the past five months as it tries to increase economic development and…
News story posted on 2019-10-29T07:17:00.0000000Z