RBA chief says Aussie dollar not too high

RBA governor Glenn Stevens has told a House of Representatives economic committee that although he is surprised the currency is not trading lower, it’s not significantly high, either.

“I’m surprised it’s not lower, but it’s not a significant error,” he said.

The RBA has continued to keep rates on hold during the past two months.

Stevens also said he does not see any sign the current mining boom is over.

“I don’t myself think that, at least at this point, I’ve seen evidence to cause us to mark down that side of the outlook materially,” Stevens said, adding there are still projects in the pipeline.

This article first appeared at SmartCompany.

COMMENTS

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
Close
SmartCompany Plus

Sign in

To connect a sign in method the email must match the one on your SmartCompany Plus account.
Or use your email
Show
Forgot your password?

Want some assistance?

Contact us on: support@smartcompany.com.au or call the hotline: +61 (03) 8623 9900.