RBA’s Lowe: Likely that next Australian interest rate move will be up

Headlines are crossing the wires from the Reserve Bank of Australia (RBA) Governor Philip Lowe, as he speaks at the A50 Australian Economic Forum, in Sydney.

Key Points via Reuters:

No strong case for near-term adjustment in policy.

Rates will only rise on further progress with jobs, inflation.

Likely that next Australian interest rate move will be up.

Progress in cutting jobless rate and lifting inflation to be gradual.

Quarterly economic forecasts are largely unchanged.

Volatility in stocks hasn't affected RBA growth outlook.