The Reserve Bank of Australia's Christopher Kent is Assistant Governor (Financial Markets), speaking at a Bloomberg event
Speaking in the Q&A now
- AUD appreciation is more a story about USD depreciation
- Further rise in AUD would result in slightly lower domestic growth, that's a statement of fact
- Change in yield differential may have some impact on AUD
- Concern in China is the relatively high level of debt
- Global markets may have underpriced potential for higher inflation
- Would not get overly focused on house prices
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So ... more weak jawboning from the RBA. Perhaps the RBA should try something along the lines of
- "Buyers of the Australian dollar will be met with fire and fury like the world has never seen"
There, fixed it.
