Australian governor Stevens stresses policy ‘flexibility’
Nonetheless economy expected to continue expanding
Australia's economy is continuing to grow at a "modest pace," the country's central bank governor said today (February 12). Nonetheless, the Reserve Bank of Australia (RBA) has the "flexibility" to ease further, should it need to.
Speaking at his bi-annual testimony to the House of Representatives Standing Committee on Economics, Glenn Stevens emphasised there is still room for the RBA to cut its key rate from its current level of 2%.
"The fall in mining investment spending will continue for at
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