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