Reserve Bank of Australia Chairman Lowe Speaks
Lowe\'s \"Trust and Prosperity\" Speech
Starts Tuesday, December 18, 2018 at 18:10
Updated Monday, November 19, 2018
The Governor of the Reserve Bank of Australia is holding a speech after the monetary minutes which will be released earlier in the morning. The speech is titled "Trust and Prosperity" and will be presented at the Committee for Economic Development of Australia dinner in Melbourne. Last week, the employment report from Australia was positive, so we will see if Lowe will mention that. Please follow us for live coverage of this event and the impact it might have on the currency by experienced market analysts.
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About Reserve Bank of Australia Chairman Lowe Speaks
The Reserve Bank of Australia (RBA) releases the Monetary Policy Statement four times per year. It is an assessment of current economic conditions, as well as projections for Australian inflation and growth. A number of special reports, both domestic and international, are also included by the RBA in the statement.Acting RBA Governor Philip Lowe delivers the statements to the public. Lowe’s term as governor began in 2016 and is slated to end in 2023. Lowe acts as the primary counsel to RBA board members and plays a key role in crafting monetary policy facing the Australian dollar (AUD).The RBA Monetary Policy Statement, as well as speeches by Lowe, have the potential to dramatically impact AUD valuations. Hawkish comments or actions are typically viewed as bullish, while dovish tones are interpreted as bearish toward the AUD.