Takeaways From RBA Governor Lowe's Testimony

Governor Phillip Lowe of the Reserve Bank of Australia testified about maintaining household spending amid rising debt. He hinted that the RBA might halt further cash rate cuts, as these could inflate property prices and increase household debt, affecting consumer spending. Lowe also discussed the potential for lower unemployment and stable inflation, suggesting a pause in rate changes. He addressed the Australian dollar's value, noting its benefits for manufacturing, education, and tourism. Additionally, Lowe unveiled a new $10 note design, indicating a redesign of the $50 note is forthcoming.

What insights did Phillip Lowe provide regarding the Australian dollar's valuation?

What changes did Phillip Lowe announce regarding the Australian $10 note and the upcoming redesign of the $50 note?