RBA Assistant Governor Kohler says there is no doubt that interest rates are restricitive

Reserve Bank of Australia Assistant Governor (Economic) Marion Kohler spoke earlier. Her prepared remarks are here:

• RBA official says decline in Australian inflation to be slower than previously forecast

More now, via Q&A:

• There is no doubt that the RBA cash rate is at a restrictive level
• There is the risk of shocks, the road ahead could be bumpy