RBA Stevens: AUD adjustment occuring, labour market in better shape

FXStreet (Bali) - RBA Gov. Stevens, in a speech on monetary policy at the Anika Foundation, notes that further cuts in rates remain on the, while adding that AUD adjustment is occurring, which is having an expansionary effect.

Headlines via Reuters

Further cuts in interest rates remain on the table

Must consider longer-term risks of lower rates, danger of leverage

Says policy makers should be wary of responding to short-term phenomena

Says has felt a somewhat lower A$ was necessary for economy

Says AUD adjustment is occurring, having an expansionary effect

Economy is making required changes, albeit slower than we would have liked

Says economic growth has been disappointing but hardly disastrous

Economy has performed remarkably well through lengthy period of shocks

Says labour market in better shape than we expected 3 to 6 months ago

Says share volatility likely to have small effect on China economy

Policy easing by beijing having positive effect on activity, property