RBA's Stevens backs inflation target - UOB

Ross J Burland FXStreet

Analysts at UOB Group noted that in the final speech from Reserve Bank of Australia (RBA) Governor Glenn Stevens focused on inflation and monetary policy.

Key Quotes:

"He stood up for the RBA’s inflation target saying that although inflation is under the 2-3% target, it is not a rigid thing that requires a knee-jerk response."

"He added that the central bank has got adequate flexibility to look at the broad picture. Stevens seemed confident that a rise in inflation was on the cards and said that he thinks it will work out in time."

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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