In front of a parliamentary committee, the Governor of the RBA has said this week that lowering interest rates is still on the RBA's agenda. Read through the Greenspan-like obfuscation, its an interesting statement.
http://www.news.com.au/national/res...uld-fall-further/story-fncynjr2-1226785630821
INTEREST rates could come down further, with Reserve Bank Governor Glenn Stevens indicating the central bank has an "open mind" about further shifts on monetary policy.Fronting a parliamentary committee in Canberra this morning Mr Stevens said the economic year had not been as good as the RBA had hoped, but not as bad as it could possibly have been.
He said it was not out of the question that the official cash rate could come down further from the current 2.5 per cent. "The board has an open mind about whether need to lower interest rates further," Mr Stevens said.
'Monetary policy can't force spending' ... Reserve Bank Governor Glenn Stevens. Picture: ...?Monetary policy can?t force spending? ...
Mr Stevens said that mining investment had "reached its peak" but that there was a concern that non-mining investment was still at a "low ebb".
http://www.news.com.au/national/res...uld-fall-further/story-fncynjr2-1226785630821
INTEREST rates could come down further, with Reserve Bank Governor Glenn Stevens indicating the central bank has an "open mind" about further shifts on monetary policy.Fronting a parliamentary committee in Canberra this morning Mr Stevens said the economic year had not been as good as the RBA had hoped, but not as bad as it could possibly have been.
He said it was not out of the question that the official cash rate could come down further from the current 2.5 per cent. "The board has an open mind about whether need to lower interest rates further," Mr Stevens said.
'Monetary policy can't force spending' ... Reserve Bank Governor Glenn Stevens. Picture: ...?Monetary policy can?t force spending? ...
Mr Stevens said that mining investment had "reached its peak" but that there was a concern that non-mining investment was still at a "low ebb".