Rates will stay low due to macroeconomic factors: RBA governor
Wed, Nov 19, 2014 - 5:50 AM
Mr Stevens says an exchange rate more in line with fundamentals will be a helpful contributor to a balanced growth outcome
AUSTRALIA'S economy has spare capacity and contained inflation that justify loose monetary policy, and would benefit from an extended period of housing construction growth, central bank Governor Glenn Stevens said.
"The level of interest rates, although very low, is well...