Reserve Bank of Australia Stevens continuing:

  • Says AUD has adjusted
  • Notes commodity prices still falling

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Stevens is implying a further AUD fall would be appropriate

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More:

  • Further CPI impact of AUD depreciation to come
  • AUD rate matters to policy but we don't target it

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Stevens has been hard at it today ... all these from earlier:

  • RBA Governor Stevens: RBA retains flexibility to ease further
  • RBA's Kent - Low oil prices won't have much impact on current LNG plans
  • More from RBA's Stevens - Aussie banks small exposure to energy sector
  • RBA Governor Glenn Stevens: Unlikely to be raising rates any time soon