Back
7 Mar 2014
RBA Stevens speech: Plenty of headlines still coming...
FXStreet (Bali) - Additional headlines from RBA Stevens are coming down the pips, with the most relevant found below.
Stevens said Fed tapering is proceeding as well as can be expected, adding that the RBA monetary policy is playing its part in supporting growth. With regards to forecasts for global economy, Stevens sounded more optimistic, while he also made reference to house building, saying is set to rise strongly, with dwelling investment will rise strongly in period ahead.
As per recent GDP data, it has not significantly change view of below trend growth. On inflation, Stevens said it is not rising as fast as the data would suggest. In terms of consumer spending, Stevens expects it to grow in line with income, while re-emphasizing the pessimistic view on the labour market, expected to remain soft for a while yet. As per the non-resource capex, Stevens sees a rebound at some stage.
Stevens said Fed tapering is proceeding as well as can be expected, adding that the RBA monetary policy is playing its part in supporting growth. With regards to forecasts for global economy, Stevens sounded more optimistic, while he also made reference to house building, saying is set to rise strongly, with dwelling investment will rise strongly in period ahead.
As per recent GDP data, it has not significantly change view of below trend growth. On inflation, Stevens said it is not rising as fast as the data would suggest. In terms of consumer spending, Stevens expects it to grow in line with income, while re-emphasizing the pessimistic view on the labour market, expected to remain soft for a while yet. As per the non-resource capex, Stevens sees a rebound at some stage.