Reserve Bank Governor Philip Lowe says Australia's cash rate might be cut further if income and spending growth are weaker-than-expected in the coming years.
But it is equally possible that the next move in the interest rate will be up, if more Australians are finding jobs and their wages rise, Mr Lowe has said during a National Press Club address in Sydney.
"Looking forward, there are scenarios where the next move in the cash rate is up and other scenarios where it is down," Mr Lowe said on Wednesday.
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