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Sep 16, 2014
RBA's Kent: Pick up in non-mining investment, Aussie still high
FXStreet (Bali) - RBA's Assistant Governor Kent, on a prepared speech to the Bloomberg Economic Summit in Sydney, said that tangible signs of pick up in non-mining investment are being noted.
Main headlines (Reuters)
Kent sees tangible signs of pick up in non-mining investment
Kent says conditions in place for improvement in risk appetite, investment
Kent says business appetite for risk remains relatively low, even as confidence improves
Kent says still high a$ may be weighing on investment in tradable sector
Kent: but high a$ positive for investment in non-tradable sector as lowers prices for imports
Kent says cost, availability of finance has not been a constraint on investment
Kent says low rates, strong population growth positive for housing market
Main headlines (Reuters)
Kent sees tangible signs of pick up in non-mining investment
Kent says conditions in place for improvement in risk appetite, investment
Kent says business appetite for risk remains relatively low, even as confidence improves
Kent says still high a$ may be weighing on investment in tradable sector
Kent: but high a$ positive for investment in non-tradable sector as lowers prices for imports
Kent says cost, availability of finance has not been a constraint on investment
Kent says low rates, strong population growth positive for housing market