More from RBA Stevens Q&A:

  • Says has not thought about raising rates any time lately, despite speculation
  • Risk reward level for intervention hasn’t stacked up
  • Says has not felt that intervention would work at current AUD levels
  • Thought about intervention when AUD was much higher
  • Intervention successful when it changes expectations
  • Banks being less conservative on business lending
  • Banks’ better attitudes to business lending is welcome

More again:

  • Says would consider lower rates if thought it would be helpful
  • But does not think interest rates the answer right now
  • Could step up scrutiny of house lending standards

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Earlier:

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Added 0233GMT: Stevens has now concluded his testimony, 3 hours after starting.

Give the man a drink, someone.