Bloomberg have some more detail surrounding the comment from the RBA’s Kent on potential intervention in the Australian dollar, which came during the Q&A session of his speech.

Bloomberg reports his comments:

  • “I think the governor’s been quite explicit that we haven’t ruled it out”
  • When RBA Governor Glenn Stevens was asked at a recent parliamentary testimony under what conditions he would pursue intervention, Stevens said it “wouldn’t be a sensible thing” to articulate the conditions because then any action would lose its effectiveness: Kent
  • “So we haven’t ruled it out. It’s still there as an option if needed.”
RBA Assistant Governor (Economic) Christopher Kent

That’s much more nuanced than the original headlines that hit.