RBA Stevens:
- APRA using tools to lean into housing boom is sensible
(Stevens is referring to the use of macroprudential tools to help ease the house price boom)
More:
- Says ‘normal’ level of the cash rate is likely to be a bit lower now
- Says room for economy to grow a bit faster over the next couple of years
- Settings are in place for non-mining sector to improve
- Says non-mining spending is looking better
- Says outlook will be uncertain for a little while yet
- Says he is puzzled why the US dollar is so low, its obvious the Federal Reserve will be out of QE in a few months
–
And Q&A finished now
