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RBA chief: Lower rates still capable of supporting demand

They can still help economy's transition, he says as he tells MPs why central bank cut rates last week

MR STEVENS: Says the steep decline in the Australian dollar was more or less expected, adding that he could think of reasons for the currency to fall further still


INTEREST rate cuts may not have the same power in boosting demand as they once had, but they can still help support an economy that is struggling through a period of below-trend growth, Australia's central bank chief said on Friday.

Speaking to lawmakers at his twice-yearly