RBA's Stevens says recent turmoil in markets was overdone

RBA governor Stevens speaking in a scheduled appearance

  • no sign of financial shock that would weigh further on global growth

How much to borrow your beer goggles Mr Governor?

  • mon pol globally facing diminishing returns, govts need to do more
  • failure to lift economic growth biggest threat to global financial system

No mention of domestic policy so far or scheduled.

"By way of a preface to these remarks, I note that we have all just been in Washington, D.C. for the IMF and G20 meetings. With that context, my comments today are international in focus, rather than carrying any particular message about my own country."

Click here for the full speech at the CS Global Markets Macro Conference in NY

investingLive Premium
Telegram Community
Gain Access