Reserve Bank of Australia Governor Lowe in front of a parliamentary committee (House of Representatives' Standing Committee on Economics) - Q&A
- outlook for US budget deficits is very problematic
The subtext to this is that to the extent the reckless fiscal profligacy in the US is leading to a weaker USD its pushing up the AUD/USD and that is troubling to Lowe
More;
- would not want tax cuts in Australia to lead to higher deficits.
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