RBA’s Kent – comments having no impact:

  • Rate cut effects likely have ‘further to run’
  • ‘Significant easing’ in rates is having effect
  • Mining investment likely to remain elevated
  • Low interest rates to support spending, housing
  • Sees prospects for pick up in building activity
  • Profile for non—mining invest uncertain amid strong $A
  • Expects gradual recovery in non—mining investment
  • Sees below trend growth this year, but a pick up next year
  • Lower mining investment, $A to weigh on growth