Headlines from Reserve Bank of Australia head Glen Stevens are here.
Post speech Q&A comments now:
- Australia does not have a budget crisis
- Says budget not on correct path for the long term
- Says does not think level of interest rates holding back economy
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Meanwhile ... AUD been edging higher most of the session, in line with some USD weakness pretty much across the board in Asia:
More:
- Most likely Fed rate will rise this year, rise gradual
