RBA hammers it home
So many soundbites and media think-pieces about the potential for rising interest rates (it's always been a popular story over the years, despite being consistently wide of the mark).
Think again, says RBA Governor Lowe.
I don't think I can recall a central bank speech making the same point, so forcefully, so many times.
No, no, and no again....there will be no changes to the cash rate, and what is more...
Read the full speech here, and you'll see exactly what I mean.
It was interesting to note the point on refocussing on targeting the maximum possible sustainable level of employment (yes!).
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Meanwhile, Westpac cut its 2-year fixed home loan rates...
