Australia’s central bank considering FX interventions, says Debelle
RBA is evaluating additional monetary policy tools, deputy governor says
The Reserve Bank of Australia will watch the foreign exchange market “carefully” in case it needs to intervene as an additional policy option.
According to deputy governor Guy Debelle, it is not clear whether foreign exchange interventions would be “effective in the current circumstances”.
“That said, a lower exchange rate would definitely be beneficial for the Australian economy, so we are continuing to watch developments in the foreign exchange market carefully,” he told the Australian
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