Some currency commentary from Lowe! Nothing surprising of course
- Says has said for some time a lower exchange rate better than a higher one
- A lower AUD would be helpful
- Some further modest depreciation would be helpful
Unless there is some sort of bloodbath taking place (Hi, TRY) most of the time a central baker would prefer a lower currency. Particularly now, with inflation running lower than most of these central bankers would like; a lower currency would mean higher prices of imports which would get inflation back towards their target. Makes a country's exports cheaper for overseas too (at the margin), which should be a boost to the economy.
Oh, here we go, Lowe with this:
- Lower AUD would boost inflation, stimulate growth
