Stevens says RBA has discussed further easing
Central bank is trying to navigate difficult environment of low inflation and rising asset prices
The Reserve Bank of Australia (RBA), which cut its benchmark interest rate to a record low of 2.25% in February, is debating whether to ease further amid a decrease in inflation but rise in asset prices, governor Glenn Stevens said today.
"Interest rates are very low, and the central bank has talked about lowering them further," Stevens told the American Chamber of Commerce in Melbourne.
As in much of the rest of the world, inflation in Australia has fallen in recent months, with prices rising 1
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