RBA's Kent: Reasonable indication neutral rates are increasing domestically and globally
Reserve Bank of Australia (RBA) Assistant Governor Chris Kent said on Monday that reasonable indication neutral rates are increasing domestically and globally, adding that it’s difficult to pinpoint neutral rate amid high uncertainty.
Key quotes
Reasonable indication neutral rates are increasing domestically and globally.
Difficult to pinpoint neutral rate amid high uncertainty.
Tax adjustments on housing move monetary policy in a favorable direction.
Market reaction
At press time, the AUD/USD pair trades 0.28% higher at around 0.6965.
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