RBA’s Stevens: downside risks have disappeared
Glenn Stevens, the governor of the Reserve Bank of Australia, on Thursday was confident that the downside risks to the Australian economy had been avoided.
Stevens said: "Plainly, the downside risks to which the Board was responding have not materialised."
Stevens further hinted that the Reserve Bank, which last week became the first G20 central bank to raise rates, would further tighten monetary policy in the coming months.
"The global outlook remains uncertain and the Board is very conscious
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