Reserve Bank of Australia (RBA) Governor Philip Lowe is responding to the Q&A at the Anika Foundation Fundraiser on Thursday.
Key quotes
Neutral cash rate is at least 2.5%.
Closer now to estimates of neutral.
Market reaction
At the time of writing, AUD/USD is keeping its range at around 0.6720, as Lowe’s Q&A is underway. The spot is down 0.70% on the day.