RBA's Lowe : Rates more likely to go up than go down but not for some time

RBA's Lowe moving into Q&A session in Pert. 21 Sept

• RBA policy mandate is very broad
• allows us to take our time
• does not see direct link between wage growth and mon pol
• workers not getting their traditional share of income
• hard to see inflation getting back above 2.5% anytime soon

Up, down and all around, but in no rush for any of it, from the RBA gov.

AUDUSD 0.7968 on session low(e)s.