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Sep 3, 2014
RBA Stevens: Unwise to further inflate high house prices with rates
FXStreet (Bali) - RBA Governor Stevens is giving a speech to the Committee for Economic Development of Australia (CEDA), with the headlines of his prepared speech now crossing the wires, noting that further rate cuts were unlikely given the risk it poses on high house prices.
Key headlines (courtesy of Reuters)
Stevens says policy must avoid build up of financial sector risk
Stevens says would be unwise to further inflate high house prices with rates
Stevens: best thing rba can do for economy is to run an accommodative policy and rates are very low
Stevens says has made clear his views on relatively high a$, won't repeat them
Stevens says unemployment rate is "concerning", though clouded by data distortions
Stevens: labour market has degree of spare capacity, some time before unemployment falls
Stevens says taking gdp for q1 and q2 together, points to moderate growth
Stevens says signs are growth continuing in current quarter
Stevens says data show further upgrading of non-mining investment, like to see more
Stevens says business balance sheets healthy, well placed to increase investment
Key headlines (courtesy of Reuters)
Stevens says policy must avoid build up of financial sector risk
Stevens says would be unwise to further inflate high house prices with rates
Stevens: best thing rba can do for economy is to run an accommodative policy and rates are very low
Stevens says has made clear his views on relatively high a$, won't repeat them
Stevens says unemployment rate is "concerning", though clouded by data distortions
Stevens: labour market has degree of spare capacity, some time before unemployment falls
Stevens says taking gdp for q1 and q2 together, points to moderate growth
Stevens says signs are growth continuing in current quarter
Stevens says data show further upgrading of non-mining investment, like to see more
Stevens says business balance sheets healthy, well placed to increase investment