FXStreet (Bali) - RBA Governor Glenn Stevens appears in the Australian parliament today, before the House of Representatives Standing Committee on Economics, noting that the Australian economy is progressing through major adjustments.
Key headlines
Economy is progressing
Economy growing but not as fast as they would like
Adjustment in terms of trade well advance
Aussie drop is having effects
Monetary policy is seeking to support economic transition
Signs that non mining economy is improving
Rate of unemployment seems to have stopped rising
Unemployment lower than 6 months ago
Global rates quite low for some time
Key headlines
Economy is progressing
Economy growing but not as fast as they would like
Adjustment in terms of trade well advance
Aussie drop is having effects
Monetary policy is seeking to support economic transition
Signs that non mining economy is improving
Rate of unemployment seems to have stopped rising
Unemployment lower than 6 months ago
Global rates quite low for some time
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