Menu

Search

  |   Central Banks

Menu

  |   Central Banks

Search

Australia's RBA cautions growth not guaranteed, despite low rates

Reserve Bank of Australia Assistant Governor Christopher Kent speech to the RSL Clubs Conference in Hobart: "Future Trends in the Australian Economy"

  • Says monetary policy will continue to support economy
  • Low rates spurring strong activity in housing market, supporting household wealth
  • But little to suggest economic growth will increase in the near term
  • Repeats unemployment to rise for a bit longer, peak a bit higher than first expected
  • Says many uncertainties about the outlook, better growth is not guaranteed
  • Says despite fall, Australian dollar remains relatively high given state of economy
  • Says lower AUD starting to help economy adjust, supporting demand in the tradable sectors

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.