Also:
- Surprised FX market took so long to push A$ lower
- Transition from mining boom a significant challenge
- RBA will continue to do what it reasonably can to assist the transition
- Says he is not sending any particular message about the next policy decision
- Says the starting point for transition is better than in past mining booms
- Sub-trend growth likely to continue in the near term
- Some key ares of the economy well placed to expand once they have confidnece
- Fundamentals favour a pick up in non-mining investment
- Data from China consistent with annual growth around 7.5%
