Reserve Bank of Australia Assistant Governor Christopher Kent speech to the RSL Clubs Conference in Hobart:
Comments:
Says monetary policy will continue to support economy
Low rates spurring strong activity in housing market, supporting household wealth
But little to suggest economic growth will increase in the near term
Repeats unemployment to rise for a bit longer, peak a bit higher than first expected
Says many uncertainties about the outlook, better growth is not guaranteed
Says despite fall, Australian dollar remains relatively high given state of economy
Says lower AUD starting to help economy adjust, supporting demand in the tradable sectors
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The little people inside my computer and modem have picked a fine time to take some time off for a coffee break ... having a giggle at my expense they are ....
Full text of his speech is here: Australian Economic Growth -The How, What and Where
