Australia has scope for monetary, fiscal easing
Sydney
AUSTRALIA'S economy was improving and its financial system sound, a top central banker said on Tuesday, though he called recent evidence on jobs growth more "ambiguous".
Reserve Bank of Australia (RBA) governor Glenn Stevens made no comment on the immediate outlook for further rate cuts, but did note that there would be scope for monetary and fiscal easing should the world face another financial crisis.
TRENDING NOW
Why US$100 oil, 5% US yields affect Singdollar, ringgit differently vs other Asean currencies
Anthropic to open Singapore office in October, sees it as ‘standout market’ for Claude
Singapore’s covered bond boom is largely a DBS story
Malaysian developer Eco World tops bids for Sin Ming area housing plot with S$1,612 psf ppr offer