More comments from RBA deputy governor Lowe at the Goldman Sachs conference in Sydney. Still suspects A$ too high, but much closer to where it needs to be . Says monetary policy still working, still effective. Do have scope to lower rate if appropriate. Says much, much closer to appropriate level for A$ than in past couple of years. Says our intention is not to get A$ lower with policy, but to get economy going. Says will take time for macroprudential tools to have impact on borrowing. Cannot rely on macrorpudential tools to contain home prices, need more home supply. - Some interesting comments on the AUD there ... ... (full story)