Reserve Bank of Australia Governor Lowe Speaks
What Does RBA\'s Lowe Think About More Lock-Downs in Victoria?
Starts Tuesday, July 21, 2020 at 02:30
Updated Wednesday, July 15, 2020
The Governor of the Reserve Bank of Australia is due to participate in a panel discussion at the Australian National University Leadership Forum, in Canberra where he will hold a speech. Audience questions are expected, so it will be interesting since they will likely ask questions on topics he would otherwise have avoided. Trade negotiations between the US and China are ongoing, so let's hear what he has to say about it and the trade war that seems to be coming to an end between the US and China. But a new front is being opened between China and Australia. Besides that, the Australian economy has been weakening considerably and the RBA has turned pretty dovish, but in the last speech Lowe didn't sound so dovish. The RBNZ refrained from cutting rates last week and it seems like the "Phase One" deal is close, as Donald Trump suggested. Besides that, China has left behind the coronavirus crisis and the economy has bounced back, so let's see where Lowe stands at the moment. 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 Governor 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.