Fri, 24 Aug 2012 08:26:57 GMT
RBA is prepared to act if economy slows
The RBA Governor Glenn Stevens said that officials are ready to take steps if the nation's economy slows, auguring Australia's mining investment boom will peak within the next two years. The Aussie Dollar declined to a 1-month low versus the New Zealand Dollar as Stevens said the Australian currency is likely to depreciate if the mining boom ends.