RBA's Kent forecasts economy's acceleration in 2016 as currency drops

Source: Bloomberg
© Scanpix/FP
Reserve Bank of Australia Assistance Governor sees the Australian economy gaining traction in 2016, as the currency depreciates in response to the higher US Dollar interest rates. Christopher Kent believes the recovery may stay lacklustre for a while, but will be able to pick up by 2016, as the Australian Dollar has more room to depreciate - the exchange rate is still above the fundamentally justified levels.
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