RBA Will Cut Tue But Lowe's Speech Not a Clue

By Sophia Rodrigues

Someone asked me this morning whether a strong clue of RBA rate cut today is the fact that Governor Lowe is speaking later this evening. My answer is No. There are other reasons why I think the RBA will cut. This one is certainly not a reason. The RBA's board meeting is held at Melbourne today and Lowe aims for a speaking engagement outside Sydney where possible. A speech at dinner post-board meeting gives him this opportunity. Remember there is no Q&A for this event.