Reserve Bank of Australia Governor Lowe in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Q&A now
Opening statement is here: RBA's Lowe is speaking now - says more likely next interest rate move is up
From the Q&A
- credit rating downgrade for Australia would not be a big event
- Would be a political event not an economic event
Higher bond spreads would not be a big deal,
- But it would impact "through the confidence channel"
- Says Australia rating is good and "let's hope it doesn't happen"
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