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RBA Seems Content with Australian Dollar, For Now …

You can tell Reserve Bank of Australia governor Glenn Stevens is happy with how far the Australian dollar fell in 2015 by his silence. For years a serial user of the “jawbone” technique of talking down the Aussie, Mr Stevens has been conspicuously quiet on the domestic currency for the last four months, despite its …

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RBA Minutes: “still evidence of spare capacity in the economy”

Australia’s central bank said low interest rates are supporting household spending and a weaker exchange rate is aiding local firms, even as it reiterated that a subdued inflation outlook gives scope to ease policy further if needed. “Recent domestic data had generally been positive,” the Reserve Bank of Australia said Tuesday in minutes of its …

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