Reserve Bank governor Philip Lowe all but rules out rate cuts, defends corporate tax cuts

By Peter Martin
Updated February 26 2017 - 5:08pm, first published February 24 2017 - 1:00pm
Dr Lowe says cutting rates would make housing affordability even worse.  Photo: Jim Malo
Dr Lowe says cutting rates would make housing affordability even worse. Photo: Jim Malo

The head of the Reserve Bank has dashed hopes of a further cut in interest rates, pleading for people to "focus on other things other than quarter of a per cent moves in the cash rate".