Housing Market: Dr Lowe and Mining Investment

housing market: The depreciation of the Australian dollar, a brighter outlook for mining investment and some stabilisation in the housing market have also been helpful, Dr Lowe has told a hearing in Canberra, according to Nine News Australia. Philip Lowe said the possibility of lower interest rates remains on the table while inflation is well below the RBA's target band and there is slack in the jobs market. To improve your experience update it economy may have reached a 'gentle turning point'By AAP11 38am Aug 9, economy may have reached a gentle turning point on the back of lower interest rates and recent tax cuts, Reserve Bank of Australia Governor Philip Lowe says. AAP There are signs the economy may have reached a gentle turning point, he told the federal parliament's economics committee on Friday. The optimistic sentiment comes despite the central bank this week revising down its growth forecast for 2019, from 2.75 per cent to 2.5 per cent. Consistent with this, we are expecting the quarterly GDP growth outcomes to strengthen gradually after a run of disappointing numbers. (news.financializer.com). As reported in the news.