Reserve Bank of Australia Governor Glenn Stevens: interest rates are likely to stay low

Market news

18 November 2014

Reserve Bank of Australia Governor Glenn Stevens: interest rates are likely to stay low

Reserve Bank of Australia Governor Glenn Stevens said in today's speech that Australia's economy has spare capacity and interest rates are likely to stay at record lows for some time to support growth as inflation is contained. He is not worried about fast growing home prices as higher prices are spurring a needed revival in home-building.

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