RBA's Harper: Rates need to stay supportive of the economy

Dhwani Mehta FXStreet

Comments crossed the wires from the Reserve Bank of Australia (RBA) board member Ian Harper, via Reuters, citing that the interest rates need to stay supportive of the economy.

Additional headlines:

Excess capacity in labor market bigger than thought.

Investment in non-mining industries growing quickly.

Strong government infrastructure spending also helping economy.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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