- Analytics
- News and Tools
- Market News
- Reserve Bank of Australia Assistant Governor Christopher Kent: intervention in the currency markets is a possible option
Reserve Bank of Australia Assistant Governor Christopher Kent: intervention in the currency markets is a possible option
The Reserve Bank of Australia (RBA) Assistant Governor Christopher Kent said in a speech on Thursday that the RBA has not ruled out the possibility of intervening in the currency markets.
He also said that the Aussie "remains above most estimates of its fundamental value, particularly given the substantial declines in commodity prices".
Kent noted that Australia's economic growth is below trend, but it will be above trend by 2016.
The RBA assistant governor pointed out that "the near-term weakness reflects a combination of three forces: a sharper decline in mining investment over the coming quarters than seen to date; the effects of the still high level of the exchange rate; and ongoing fiscal consolidation at state and federal levels".
Low interest rate will support the growth of household expenditure, Kent said.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
