September 24, 2019 / 11:59 AM / 2 months ago

Australia central bank chief says would consider QE but unlikely

SYDNEY (Reuters) - Australia’s central bank would consider quantitative easing in some circumstances though it is still unlikely, Governor Philip Lowe said on Tuesday as interest rates in the country headed closer to 0%.

Financial markets <0#YIB:> see a 60% chance of an interest rate cut to 0.75% by the Reserve Bank of Australia (RBA) at its Oct.1 policy meeting, following two back-to-back easings in June and July.

RBA Governor Philip Lowe was speaking in the New South Wales city of Armidale, about 475 km (295 miles) north of Sydney.

Reporting by Swati Pandey

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