RBA's Lowe: Escalation of trade war could be damaging for the global economy

RBA Governor Lowe in the Q&A session following his speech earlier:

• RBA Governor Lowe: No strong case for a near term interest rate move

More:

• Escalation of trade war could be damaging for the global economy
• Says RBA does not target house prices but a period of moderation is needed
• Most likely economy continue on current track
• Hope I can raise interest rates at some point in my term
• Not looking to review the inflation target any time soon
• Confident will get back to 2.5% inflation, will take time