4 Jul 2013
RBA Lowe throws cold water on Stevens remarks
FXstreet.com (Barcelona) - Following yesterday's off the cuff comments by RBA Governor Stevens about rates, in which he said ""we deliberated for a long time to leave the cash rate unchanged", RBA deputy governor Lowe, somehow just denied that.
RBA deputy governor Lowe, who is making a speech titled Some Tensions in Financial Regulation, has just crossed the wires to say that the Governor's remarks were meant to be light hearted and that were misinterpreted by the market. Additionally, Lowe said the board did deliberate for very long time, as always does.
RBA deputy governor Lowe, who is making a speech titled Some Tensions in Financial Regulation, has just crossed the wires to say that the Governor's remarks were meant to be light hearted and that were misinterpreted by the market. Additionally, Lowe said the board did deliberate for very long time, as always does.