On August 12, the stocks, iron ore prices, supporting higher Australian dollar continues to triumph, approximation May highs against the US dollar 0.7718. The Reserve Bank of Australia Governor Glenn Stevens 1xbet finance his grand finale speech, dumunanzhi of low interest rates, economic growth cannot be achieved. Stevens said Government support must play an important role–to create more jobs and improve productivity. At the luncheon, he told economists here: “achieve the goal of economic growth cannot solely rely on monetary policies, we need to face the reality. “
Stevens also for 2%-3% defended the inflation target. He said that the target range in the current low interest rate environment is very flexible, which is the best framework to support interest rate policy makers. He said, “is like facing turbulent wing, while local distortion, but it does not affect the overall completeness. “He added:” even if in the process of achieving reasonable economic growth, inflation is still unable to reach the goal, set a target range for inflation is the least flawed options. “The Reserve Bank of Australia last week predicted that by December 2018, inflation will be below the target range for a long time.
Earlier, 1xbet finance real estate lending data show that after cut rates in May, Australia’s strong performance of the domestic real estate market. RBA towards elevating the inflation at the same time, to avoid overheating in the real estate market, really stuck. ANZ Economist David Gradwell said: “the recent Australian market high prices amazed, we estimate that the country will in the field of housing loan introduced tighter measures to curb demand in the housing market. “He added:” If the Reserve Bank of Australia cut the cash rate further, Australian banking regulators can consider further credit tightening measures. “