RBA’s Lowe opens door to April rate pause

“If collectively they (data) suggest the right thing is to pause then we’ll do that, but if they suggest that we need to keep going we’ll do that,” said Lowe. — Bloomberg

SYDNEY: Australia’s central bank has a “completely open mind” about its April policy meeting and will be guided by key economic data on whether to raise interest rates further or pause tightening, governor Philip Lowe said.

The Reserve Bank of Australia’s (RBA) rate-setting board will closely monitor reports on employment, inflation, retail sales and business surveys ahead of its April 4 meeting, Lowe said in response to a question in Sydney.