And ICYMI on a speech from Reserve Bank of Australia's Christopher Kent, Assistant Governor (Financial Markets)
The full speech is here and is a good read. Its wide-ranging across the economy (local and global), policy and the AUD:
Headline comments (via Reuters) ):
- not surprising that a$ has fallen "a little" in recent months
- recent fall in AUD "helpful at the margin" given spare capacity in economy, low inflation
- higher commodity prices appear to have limited the decline in a$
- commodity prices have increased noticeably of late due to supply disruptions
- AUD remains within relatively narrow range of past few years
The big 3 at the RBA, Kent on the right of pic.