Wed, 10 Jun 2015 09:13:05 GMT
Stevens willing to stimulate Australian economy further
Glenn Stevens, the RBA's governor, stated in his speech willingness for further interest rate lowering, supported by disappointing economic data coming from Australia, and encouraged the government to prevent additional spending cuts. Australian economic growth is not satisfactory as the major trading partner, China's economy, is slowing, and the Australian real estate market remains mild.