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RBA Stevens: Easy monetary policy and lower AUD helping growth

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Feb 11, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    Additional headlines from Reserve Bank of Australia Governor Glenn Stevens, appearing before the House of Representatives' Standing Committee on Economics, are now crossing the wires.


    Says activity outside resources sector improving

    Real GDP growing at a lower pace than what we used to think of as normal

    Says easy monetary policy and lower AUD helping growth

    Adjustment we have been experiencing for a couple of years will likely continue

    Economy likely to expand at moderate pace

    Says employment market noticeably better than we expected a year ago

    Says watching financial market turbelence, labour market

    Low inflation could provide scope for further easing if needed

    Underlying inflation measures are low

    Economy growing at modest pace in face of considerable challenges

    Market anxiety over intentions of China policymakers reflected in capital flows
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