RBA's Stevens: More room to ease policy than most

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    RBA's Glenn Stevens, speaking at the ASIC Annual Forum in Sydney, said there's more room to ease policy than most should a serious downturn occur.

    Key headlines

    Local economy improving, financial system more resilient

    Recent data showed economy picking up at turn of the year

    Business surveys still upbeat this year, jobs data more ambiguous

    Australia has room to take fiscal, monetary steps were there to be another global crisis

    Australian budget in structural deficit, needs to be addressed over time

    Domestic businesses, labour market much more flexible than in the past

    Local banks' asset quality improving, no trouble in accessing capital markets

    Tighter rules on home investment loans helpful in cooling house prices

    Aggressive expansion by foreign banks in australia could lead to risks

    Lower oil prices a positive shock for many consumers around the world
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