Speech by Christopher Kent, Assistant Governor, Economic, speaking at the Bloomberg Breakfast Address in Sydney
- Reasonable prospect of sustaining economic growth in Australia
- Says plausible terms of trade will stabilise given rise in commodity prices this year
- Says more than three quarters of expected fall in mining investment is behind us
- Largest drag on GDP growth from mining is now past
- Says reasonable prospect for further decline in unemployment
- Sees good prospect for gradual lift in wages growth, inflation
- AUD did not fall as much as implied by terms of trade, due to global policy easing
- Says outlook for Chinese economy remains a key source of uncertainty
Full text is here:
After the Boom
This from Kent is bullish on the Australian economy, and you'll note his comment on the Australian dollar - he (and the bank) would like it fall further. Whether he gets what he would like though is another matter entirely.